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What’s wrong with being an agricultural economy?

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  • Rae, Allan N.

Abstract

Commentators have suggested over the years, and still do, that the NZ economy should restructure more rapidly towards sophisticated manufacturing and services so as to avoid remaining an agricultural economy. This paper reviews some relevant theory and empirical analyses, in a search for evidence that agricultural economies grow more slowly than others and for approaches that may be helpful for further research. The evidence is mixed, but appears not to strongly support the hypothesis that NZ would grow faster through a lesser focus on agriculture.

Suggested Citation

  • Rae, Allan N., 2014. "What’s wrong with being an agricultural economy?," 2014 Conference, August 28-29, 2014, Nelson, New Zealand 187403, New Zealand Agricultural and Resource Economics Society.
  • Handle: RePEc:ags:nzar14:187403
    DOI: 10.22004/ag.econ.187403
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    References listed on IDEAS

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    Keywords

    Agribusiness; Financial Economics;

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