While economic growth has lifted more people from poverty than in any prior period, world market shocks of the 1970s and 1980s have caused a massive realignment in country policies, and future growth in population and income are expected to place heavy burdens on world resources. Recently, it...

This paper focuses on the private and social rates of return to R&D capital in the three vertically linked sectors, primary agriculture, food processing, and farm machinery and equipment. Evidence supporting a divergence between these rates is found for primary agriculture and food processing....

Sources of growth in U.S. gross domestic product (GDP) are analyzed in a general equilibrium, open economy framework using time-series data. Contributions from labor and capital account for 75% of the economyÂ’'s average growth, with total factor productivity (TFP) accounting for the...

General equilibrium and open economy trade theory are used along with time series data on the U.S. agricultural sector to provide insights into the structure of agricultural supply, factor returns and linkages to the rest of the economy. Output expansion and factor returns are found to vary...

Growth of U.S. agriculture is dependent on increases in productivity, three-fourths of which is accounted for by public investment in agricultural research and development (R&D) and infrastructure, according to this research. Productivity growth in U.S. agriculture benefits consumers by putting...

A wide urban-rural disparity is observed in employment growth in the United States. For example, employment growth averaged 2.1 percent in urban counties during 1998-2007, compared with just 1 percent in rural counties. In this study, we examine the sources of U.S. employment growth using the...

This book is a compilation of latest contributions on rural-urban disparities associated with economic growth and development, and policy options to alleviate a perceived divide between cities and hinterland. It includes articles from foremost researchers in urban, rural and international...

This paper investigates the effect of trade cost changes on the spatial productivity distribution in Korea. Data on gross value added and primary factors for 163 spatial units during 2000-2005 are assembled to estimate local TFP using a value-added function. In our application, we control for...