What’s wrong with being an agricultural economy?

Allan N. Rae

No 187403, 2014 Conference, August 28-29, 2014, Nelson, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: Commentators have suggested over the years, and still do, that the NZ economy should restructure more rapidly towards sophisticated manufacturing and services so as to avoid remaining an agricultural economy. This paper reviews some relevant theory and empirical analyses, in a search for evidence that agricultural economies grow more slowly than others and for approaches that may be helpful for further research. The evidence is mixed, but appears not to strongly support the hypothesis that NZ would grow faster through a lesser focus on agriculture.

Keywords: Agribusiness; Financial Economics (search for similar items in EconPapers)
Pages: 12
Date: 2014
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar14:187403

DOI: 10.22004/ag.econ.187403

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