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A dominant theme in the development literature is that individual agricultural products responds to price incentives, not because of shifts between products, but that total agricultural output is not responsive to price. The econometric evidence for Jamaica shows that this presumption is not...
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The evidence shows that between 1993 and 1999 real GDP increased by 32 percent and per capita GDP by 29 percent. During the same period, the headcount index of poverty fell from 43.2 percent in 1993 to 36.4 percent in 1999, and the poverty gap, which measures the depth of poverty, fell from 16.2...
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