Boppart, Timo; Kiernan, Patrick; Krusell, Per; … - National Bureau of Economic Research - 2023
Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor … productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct … dramatically relative to labor prices; concurrently, capital and intermediate input use in agriculture increases by a factor of 300 …
