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Two Blades of Grass : The Impact of the Green Revolution
Gollin, Douglas - 2018
We examine the economic impact of high-yielding crop varieties (HYVs) in developing countries 1960-2000. We use time variation in the development and diffusion of HYVs of 10 major crops, spatial variation in agro-climatically suitability for growing them, and a differences-in-differences...
Persistent link: https://www.econbiz.de/10012452976
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The Agricultural Productivity Gap
Gollin, Douglas - 2013
agriculture in the typical country, and particularly so in developing countries. Taken at face value, this "agricultural …
Persistent link: https://www.econbiz.de/10012459033
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The Macroeconomics of Intensive Agriculture
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 …
Persistent link: https://www.econbiz.de/10014250119
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Reevaluating Agricultural Productivity Gaps with Longitudinal Microdata
Hicks, Joan Hamory - 2017
Recent research has pointed to large gaps in labor productivity between the agricultural and nonagricultural sectors in low-income countries, as well as between workers in rural and urban areas. Most estimates are based on national accounts or repeated cross-sections of micro-survey data, and as...
Persistent link: https://www.econbiz.de/10012455428
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New Evidence on Sectoral Labor Productivity : Implications for Industrialization and Development
Herrendorf, Berthold; Rogerson, Richard Donald; … - National Bureau of Economic Research - 2022
Moving labor from agriculture to manufacturing - "industrialization" - is often viewed as essential for the development … Development Centre and build a new dataset of comparable labor productivity levels in agriculture and manufacturing for 64 mostly …
Persistent link: https://www.econbiz.de/10013172134
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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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Resource Curse or Debt Overhang?
Manzano, Osmel - 2001
It has been widely believed that resource abundant economies grow less than other economies. In a very influential paper, Sachs and Warner (1997), point out that there is a negative relationship between resource abundance and growth. Two important econometric problems are present in the...
Persistent link: https://www.econbiz.de/10012470330
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A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs
Hutchison, Michael M. - 2001
This paper investigates the output effects of IMF-supported stabilization programs, especially those introduced at the time of a severe balance of payments/currency crisis. Using a panel data set over the 1975-97 period and covering 67 developing and emerging-market economies (with 461 IMF...
Persistent link: https://www.econbiz.de/10012470419
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Is Disinflation Good for the Stock Market?
Henry, Peter Blair - 2001
When countries attempt to stabilize annual inflation rates that are greater than 40 percent, the domestic stock market appreciates by 24 percent on average. The present value of the long-run benefits to shareholders of reducing high inflation outweighs the present value of the short-run costs....
Persistent link: https://www.econbiz.de/10012470435
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Tropical Underdevelopment
Sachs, Jeffrey D. - 2001
technology in the two critical areas of agriculture and health, and this in turn opened a substantial income gap between climate …
Persistent link: https://www.econbiz.de/10012470610