Economic growth is driven by technical change. Understanding the many factors that influence technical change is therefore key to an understanding of economic growth and its potential. Technical change has two aspects first, it has to be generated, and second, it has to be implemented....

The agricultural share of a country's total output generally declines in the process of economic growth. The major reason for this is that consumer demand for food increases only slightly with rising incomes. However, a small, open economy can overcome this constraint to the growth of...

Two empirical regularities in the beef-cattle sector have been observed for a long time. First, the time-series for cattle stock exhibits strong cyclicity with a period of several years. Second, beef supply seesms to be negatively related to price. The authors attempt to gain insight into the...