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Gollin, Douglas; Parente, Stephen L.; Rogerson, Richard. |
Agriculture's share of economic activity is known to vary inversely with a country's level of development. This paper examines whether extensions of the neoclassical growth model can account for some important sectoral patterns observed in a current cross-section of countries and in the time series data for currently rich countries. We find that a straightforward agricultural extension of the neoclassical growth model restricted to match U.S. observations fails to account for important aspects of the cross-country data. We then introduce a version of the growth model with home production, and we show that this model performs much better. |
Tipo: Conference Paper or Presentation |
Palavras-chave: Agribusiness; Productivity Analysis. |
Ano: 2000 |
URL: http://purl.umn.edu/21797 |
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