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Creative Destruction in Industries
Jovanovic, Boyan - 2006
Most industries go through a "shakeout" phase during which the number of producers in the industry declines. Industry output generally continues to rise, however, which implies a reallocation of capacity from exiting firms to incumbents and new entrants. Thus shakeouts seem to be classic...
Persistent link: https://www.econbiz.de/10012466146
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Self-Selection into Credit Markets : Evidence from Agriculture in Mali
Beaman, Lori - 2014
We examine whether returns to capital are higher for farmers who borrow than for those who do not, a direct implication of many credit market models. We measure the difference in returns through a two-stage loan and grant experiment. We find large positive investment responses and returns to...
Persistent link: https://www.econbiz.de/10012458279
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The Human Side of Structural Transformation
Porzio, Tommaso; Rossi, Federico; Santangelo, Gabriella V. - National Bureau of Economic Research - 2021
We document that nearly half of the global decline in agricultural employment during the 20th-century was driven by new cohorts entering the labor market. A newly compiled dataset of policy reforms supports an interpretation of these cohort effects as human capital. Through the lens of a model...
Persistent link: https://www.econbiz.de/10012660068
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Land Security and Mobility Frictions
Adamopoulos, Tasso; Brandt, Loren; Chen, Chaoran; … - National Bureau of Economic Research - 2022
from agriculture to non-agriculture and from rural to urban areas. We combine rich household and individual-level panel …
Persistent link: https://www.econbiz.de/10012814441
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Business Cycle during Structural Change : Arthur Lewis' Theory from a Neoclassical Perspective
Storesletten, Kjetil - 2019
agriculture declines while labor productivity increases in agriculture more than in other sectors. We construct a unified theory … simultaneous decline and modernization of agriculture. As capital accumulates, agriculture becomes increasingly capital intensive … as modern agriculture crowds out traditional agriculture. Structural change accelerates in booms and slows down in …
Persistent link: https://www.econbiz.de/10012480126
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The Food Problem and the Aggregate Productivity Consequences of Climate Change
Nath, Ishan B. - 2020
heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in …
Persistent link: https://www.econbiz.de/10012481491
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Innovation, Growth and Structural Change in American Agriculture
Alston, Julian M. - 2020
U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical …, and information technologies. Compared with a few decades ago, today's agriculture is much less labor intensive and farms …
Persistent link: https://www.econbiz.de/10012481789
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New Goods and the Transition to a New Economy
Greenwood, Jeremy - 2004
worked in agriculture. Barely anyone did by 2000. What caused the rapid demise of agriculture in the economy? The analysis …
Persistent link: https://www.econbiz.de/10012467897
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Agricultural Diversity, Structural Change and Long-run Development : Evidence from the U.S
Fiszbein, Martin - 2017
This paper examines the role of agricultural diversity in the process of development. Using data from U.S. counties and exploiting climate-induced variation in agricultural production patterns, I show that mid-19th century agricultural diversity had positive long-run effects on population...
Persistent link: https://www.econbiz.de/10012455494
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Moving out of Agriculture : Structural Change in Vietnam
McCaig, Brian - 2013
discuss the role of reforms in agriculture, enterprises, and international integration in this process. In addition to the … drastic move of employment away from agriculture toward services and manufacturing, we also document the movement of workers …
Persistent link: https://www.econbiz.de/10012459045