FACTOR PRICES AND TECHNICAL CHANGE IN AGRICULTURAL DEVELOPMENT: THE UNITED STATES AND JAPAN, 1880-1960

Yujiro Hayami and Vernon Ruttan

No 14172, Staff Papers from University of Minnesota, Department of Applied Economics

Abstract: The purpose of this paper is to explore the hypothesis that a common basis for rapid growth in agricultural output and productivity lies in a remarkable adaptation of agricultural technology to the sharply contrasting factor proportions in the two countries. It is hypothesized that an important aspect of this adaptation was the ability to generate a continuous sequence of induced innovations in agricultural technology biased towards saving the limiting factors. In Japan these innovations were primarily biological and chemical. In the United States they were primarily mechanical.

Keywords: International Development; Research and Development/Tech Change/Emerging Technologies (search for similar items in EconPapers)
Pages: 46
Date: 1969
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Journal Article: Factor Prices and Technical Change in Agricultural Development: The United States and Japan, 1880-1960 (1970)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:umaesp:14172

DOI: 10.22004/ag.econ.14172

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