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On the Decline of Agriculture. Evidence from Italian Regions in the Post-WWII Period

  • Roberto ESPOSTI

    ()

    (Universita' Politecnica delle Marche, Dipartimento di Economia)

This article investigates the long-run decline of the agricultural sector during economic development and its contribution to this process. A two-sector model is proposed where the share of agriculture, relative prices and capital accumulation are simultaneously determined within the economy. Under this general equilibrium framework, short-run adjustments with respect to long-run equilibria are admitted through a set of alternative dynamic specifications. The model is then applied to the panel dataset of 20 Italian regions observed over the period 1951-2002 of dramatic economic development but still persistent disparities between Southern and Northern regions.

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Paper provided by Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali in its series Working Papers with number 300.

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Length: 86
Date of creation: Oct 2007
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Handle: RePEc:anc:wpaper:300
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