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- Publisher Website: 10.1016/j.jmoneco.2007.11.006
- Scopus: eid_2-s2.0-39149086542
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Article: Agriculture and aggregate productivity: A quantitative cross-country analysis
Title | Agriculture and aggregate productivity: A quantitative cross-country analysis |
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Authors | |
Keywords | Agriculture Barriers Intermediate inputs International comparisons Productivity Two-sector model |
Issue Date | 2008 |
Citation | Journal of Monetary Economics, 2008, v. 55, n. 2, p. 234-250 How to Cite? |
Abstract | A decomposition of aggregate labor productivity based on internationally comparable data reveals that a high share of employment and low labor productivity in agriculture are mainly responsible for low aggregate productivity in poor countries. Using a two-sector general-equilibrium model, we show that differences in economy-wide productivity, barriers to modern intermediate inputs in agriculture, and barriers in the labor market generate large cross-country differences in the share of employment and labor productivity in agriculture. The model implies a factor difference of 10.8 in aggregate labor productivity between the richest and the poorest 5% of the countries in the world, leaving the unexplained factor at 3.2. Overall, this two-sector framework performs much better than a single-sector growth model in explaining observed differences in international productivity. © 2007 Elsevier B.V. All rights reserved. |
Persistent Identifier | http://hdl.handle.net/10722/315216 |
ISSN | 2023 Impact Factor: 4.3 2023 SCImago Journal Rankings: 6.564 |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Restuccia, Diego | - |
dc.contributor.author | Yang, Dennis Tao | - |
dc.contributor.author | Zhu, Xiaodong | - |
dc.date.accessioned | 2022-08-05T10:18:05Z | - |
dc.date.available | 2022-08-05T10:18:05Z | - |
dc.date.issued | 2008 | - |
dc.identifier.citation | Journal of Monetary Economics, 2008, v. 55, n. 2, p. 234-250 | - |
dc.identifier.issn | 0304-3932 | - |
dc.identifier.uri | http://hdl.handle.net/10722/315216 | - |
dc.description.abstract | A decomposition of aggregate labor productivity based on internationally comparable data reveals that a high share of employment and low labor productivity in agriculture are mainly responsible for low aggregate productivity in poor countries. Using a two-sector general-equilibrium model, we show that differences in economy-wide productivity, barriers to modern intermediate inputs in agriculture, and barriers in the labor market generate large cross-country differences in the share of employment and labor productivity in agriculture. The model implies a factor difference of 10.8 in aggregate labor productivity between the richest and the poorest 5% of the countries in the world, leaving the unexplained factor at 3.2. Overall, this two-sector framework performs much better than a single-sector growth model in explaining observed differences in international productivity. © 2007 Elsevier B.V. All rights reserved. | - |
dc.language | eng | - |
dc.relation.ispartof | Journal of Monetary Economics | - |
dc.subject | Agriculture | - |
dc.subject | Barriers | - |
dc.subject | Intermediate inputs | - |
dc.subject | International comparisons | - |
dc.subject | Productivity | - |
dc.subject | Two-sector model | - |
dc.title | Agriculture and aggregate productivity: A quantitative cross-country analysis | - |
dc.type | Article | - |
dc.description.nature | link_to_subscribed_fulltext | - |
dc.identifier.doi | 10.1016/j.jmoneco.2007.11.006 | - |
dc.identifier.scopus | eid_2-s2.0-39149086542 | - |
dc.identifier.volume | 55 | - |
dc.identifier.issue | 2 | - |
dc.identifier.spage | 234 | - |
dc.identifier.epage | 250 | - |
dc.identifier.isi | WOS:000255093100003 | - |