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that changes affecting agriculture have large aggregate effects. Thus, it seems reasonable that agricultural productivity …. In fact, agriculture in most developing countries has very low productivity relative to the rest of the economy … from agriculture. Many rural people in the developing world are poor, and conversely, most of the world's poor people …
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This paper studies China's four-fold increase in per capita GDP relative to the U.S. between 1995 and 2019. First, we argue that China's growth pattern is very similar to that of several other East Asia economies that initially grew very quickly. Second, we show that a minimalist...
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The paper develops a two-sector model of economic growth, using agriculture and industry. The distinguishing feature in … analyse the complementary interactions between agriculture and industry through trade flows, labour movements, and land …
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Structural transformation refers to the reallocation of economic activity across the broad sectors agriculture … insights for understanding economic development, regional income convergence, aggregate productivity trends, hours worked …
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