Agricultural Productivity, Comparative Advantage, and Economic Growth
The role of agricultural productivity in economic development is addressed in a two-sector model of endogenous growth in which a) preferences are non-homothetic and income elasticity of demand for the agricultural good is less than unitary, and b) the engine of growth is learning-by-doing in the manufacturing sector. For the closed economy case, the model predicts a positive link between agricultural productivity and economic growth, while, for the small open economy case, it predicts a negative link. This suggests that the openness of an economy should be an important factor when planning development strategy and predicting growth performance.
|Date of creation:||May 1990|
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Web page: http://www.kellogg.northwestern.edu/research/math/
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- repec:tpr:qjecon:v:106:y:1991:i:2:p:617-50 is not listed on IDEAS
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878, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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Levine's Working Paper Archive
2135, David K. Levine.
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