EconStor >
Forschungsinstitut zur Zukunft der Arbeit (IZA), Bonn >
IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA) >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/46087
  

Full metadata record

DC FieldValueLanguage
dc.contributor.authorYang, Dennis Taoen_US
dc.contributor.authorZhu, Xiaodongen_US
dc.date.accessioned2011-06-21en_US
dc.date.accessioned2011-06-28T13:55:03Z-
dc.date.available2011-06-28T13:55:03Z-
dc.date.issued2010en_US
dc.identifier.urihttp://hdl.handle.net/10419/46087-
dc.description.abstractThis paper develops a two-sector model that illuminates the role played by agricultural modernization in the transition from stagnation to growth. When agriculture relies on traditional technology, industrial development reduces the relative price of industrial products, but has a limited effect on per capita income because most labor has to remain in farming. Growth is not sustainable until this relative price drops below a certain threshold, thus inducing farmers to adopt modern technology that employs industry-supplied inputs. Once agricultural modernization begins, per capita income emerges from stasis and accelerates toward modern growth. Our calibrated model is largely consistent with the set of historical data we have compiled on the English economy, accounting well for the growth experience of England encompassing the Industrial Revolution.en_US
dc.language.isoengen_US
dc.publisherIZA Bonnen_US
dc.relation.ispartofseriesDiscussion paper series // Forschungsinstitut zur Zukunft der Arbeit 5239en_US
dc.subject.jelO41en_US
dc.subject.jelO33en_US
dc.subject.jelN13en_US
dc.subject.ddc330en_US
dc.subject.keywordlong-term growthen_US
dc.subject.keywordtransition mechanismsen_US
dc.subject.keywordrelative priceen_US
dc.subject.keywordagricultural modernizationen_US
dc.subject.keywordstructural transformationen_US
dc.subject.keywordIndustrial Revolutionen_US
dc.subject.keywordEnglanden_US
dc.titleModernization of agriculture and long-term growthen_US
dc.typeWorking Paperen_US
dc.identifier.ppn662497481en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

Files in This Item:
File Description SizeFormat
662497481.pdf398.87 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.