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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
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Distortions, Producer Dynamics, and Aggregate Productivity : A General Equilibrium Analysis
Ayerst, Stephen; Brandt, Loren; Restuccia, Diego - National Bureau of Economic Research - 2023
The expansion in farm size is an important contributor to agricultural productivity in developed countries, but the reallocation process is hindered in less developed economies. How do distortions to factor reallocation affect farm dynamics and agricultural productivity? We develop a model of...
Persistent link: https://www.econbiz.de/10014226182
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The Depressing Effect of Agricultural Institutions on the Prewar Japanese Economy
Hayashi, Fumio - 2006
stay in agriculture …
Persistent link: https://www.econbiz.de/10012466588
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Property Rights and Finance
Johnson, Simon - 2002
Which is the tighter constraint on private sector investment: weak property rights or limited access to external finance? From a survey of new firms in post-communist countries, we find that weak property rights discourage firms from reinvesting their profits, even when bank loans are available....
Persistent link: https://www.econbiz.de/10012469863
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China's Macroeconomic Development : The Role of Gradualist Reforms
Chen, Kaiji; Zha, Tao - National Bureau of Economic Research - 2023
This paper reviews recent literature on China's macroeconomic development, emphasizing the critical role of the gradualist approach over the past four decades. Beyond China's structural transformation, we explore various aspects such as high saving rates, the housing boom, an expanding current...
Persistent link: https://www.econbiz.de/10014322782
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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