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 …

agriculture declines while labor productivity increases in agriculture more than in other sectors. We construct a unified theory of … 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 recessions. We estimate …

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 …