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 …

, primarily, but not exclusively, fostering industrialization. We discuss the thin, but growing literature that evaluates the …

. \textit{Ceteris paribus} lower trade costs in non-agriculture lead to fewer firms, but cheaper agricultural imports releases …

shifting away from their sector of specialization, rural labor markets saw faster wage growth and industrialization than non …