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 …

We compare the recent economic performances of China and India using a simple growth accounting framework that produces … estimates of the contribution of labor, capital, education, and total factor productivity for the three sectors of agriculture … roughly double that of India at the aggregate level, and also higher in each of the three sectors in both sub-periods. In …