leads to significantly larger agricultural investment and riskier production choices in agriculture. The salient constraint …

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 …

from agriculture. Many rural people in the developing world are poor, and conversely, most of the world's poor people … inhabit rural areas. Agriculture also accounts for a significant fraction of the economic activity in the developing world … that changes affecting agriculture have large aggregate effects. Thus, it seems reasonable that agricultural productivity …

agriculture to create dire economic conditions that facilitated farm suicides in some Indian states. …

from agriculture. Many rural people in the developing world are poor, and conversely, most of the world's poor people … inhabit rural areas. Agriculture also accounts for a significant fraction of the economic activity in the developing world … that changes affecting agriculture have large aggregate effects. Thus, it seems reasonable that agricultural productivity …

makes it difficult to establish the relationship between the two. This study focuses on the misallocation of production … new evidence on the effect of employment protection on resource misallocation using a large data set of manufacturing … plants covering more than 90 countries. For measuring misallocation, I use the within-industry dispersion of the marginal …