Measured rates of growth in real per capita income differ drastically depending on the data source. This phenomenon occurs largely because data sets differ in whether and how they adjust for changes in relative prices across countries. Replication of several recent studies of growth determinants...

Macroeconomists and growth economists often assume that the relative price of agriculture is determined domestically, and insulated from external forces. We examine this proposition empirically using panel data models with time effects and then an unobserved factor error structure. We find that...