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Perspectives on the Decelerating Agricultural society

Author

Listed:
  • Tai-Yoo Kim
  • Almas Heshmati
  • Jihyun Park

    (Technology Management, Economics, and Policy Program (TEMEP); Seoul National University)

Abstract

In general, societies are divided into agricultural and industrial societies. This study presents perspectives on decelerating agricultural societies. Agricultural demand and supply play major roles in the development of societies. Three theories that describe an agricultural society and its deceleration patterns are described: the neo-classical production function and those articulated by Johnston and Mellor as well as induced innovation by Hayami and Ruttan. Two important cases of decelerating agricultural societies, medieval England and the U.S., are investigated through an examination of the process of agricultural society deceleration and ultimate replacement by an industrial society. The limitations of decelerating agricultural societies, with a focus on structural problems,impacts on industrial structure, and problems of agriculture in market and non-market areas, are discussed. The position of agriculture as described by economic development theory is established by analyzing the stages of economic development, the theory ofstructural change, and the theory of leading industry. Finally, the transition from an agricultural to a commercial society is described with a focus on the formation,development, value creation, and structural limitations of a commercial society.

Suggested Citation

  • Tai-Yoo Kim & Almas Heshmati & Jihyun Park, 2009. "Perspectives on the Decelerating Agricultural society," TEMEP Discussion Papers 200901, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Jan 2009.
    • Handle: RePEc:snv:dp2009:200901
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    File URL: http://temep-repec.my-groups.de/DP-01.pdf
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    References listed on IDEAS

    as
    1. Giovanni Federico & Paolo Malanima, 2004. "Progress, decline, growth: product and productivity in Italian agriculture, 1000–2000," Economic History Review, Economic History Society, vol. 57(3), pages 437-464, August.
    2. Allen, Robert C., 2000. "Economic structure and agricultural productivity in Europe, 1300–1800," European Review of Economic History, Cambridge University Press, vol. 4(1), pages 1-25, April.
    3. Gabre-Madhin, Eleni Zaude & Barrett, Christopher B. & Dorosh, Paul A., 2003. "Technological change and price effects in agriculture: conceptual and comparative perspectives," MTID discussion papers 62, International Food Policy Research Institute (IFPRI).
    4. Gregory Clark, 1991. "Yields per acre in English agriculture, 1250-1860: evidence from labour inputs," Economic History Review, Economic History Society, vol. 44(3), pages 445-460, August.
    5. Mordecai Ezekiel, 1938. "The Cobweb Theorem," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 52(2), pages 255-280.
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    Cited by:

    1. Jongsu Lee & Chul-Yong Lee, 2009. "A Forecasting Model Incorporating Replacement Purchase: Mobile Handsets in South Korea's Market," TEMEP Discussion Papers 200904, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Apr 2009.
    2. Chul-Yong Lee & Jongsu Lee, 2009. "Demand Forecasting in the Early Stage of the Technology's Life Cycle Using Bayesian update," TEMEP Discussion Papers 200903, Seoul National University; Technology Management, Economics, and Policy Program (TEMEP), revised Apr 2009.

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    Keywords

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    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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