FARM WORK, HOME WORK AND INTERNATIONAL PRODUCTIVITY DIFFERENCES
Douglas Gollin (douglas.gollin@economics.ox.ac.uk),
Stephen Parente (parente@illinois.edu) and
Richard Rogerson
No 21797, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Abstract:
Agriculture's share of economic activity is known to vary inversely with a country's level of development. This paper examines whether extensions of the neoclassical growth model can account for some important sectoral patterns observed in a current cross-section of countries and in the time series data for currently rich countries. We find that a straightforward agricultural extension of the neoclassical growth model restricted to match U.S. observations fails to account for important aspects of the cross-country data. We then introduce a version of the growth model with home production, and we show that this model performs much better.
Keywords: Agribusiness; Productivity Analysis (search for similar items in EconPapers)
Pages: 37
Date: 2000
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Citations: View citations in EconPapers (18)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21797
DOI: 10.22004/ag.econ.21797
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