On the Nature and Implications of Intersectoral Resource Allocations: Argentina 1913–84

Domingo Cavallo and Yair Mundlak
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Domingo Cavallo: Instituto De Estudios Economicos Sobre La Realidad Argentina Y Latino Americano

Chapter 8 in The Balance between Industry and Agriculture in Economic Development, 1989, pp 143-160 from Palgrave Macmillan

Abstract: Abstract Economic growth generates important changes in the sectoral composition of the economy. In the early stages of growth, the economy is largely rural, whereas in mature economies, agriculture constitutes only a small fraction of the economy. As a good part of the world’s population still lives in rural areas, it is of great interest to understand the dynamics of this process. The subject of sectoral growth can be placed in a broader perspective, since the process of growth in mature economies generates other sectoral changes of great importance, such as a shift towards services. This process has many similarities to the process of industrialisation.

Keywords: Wage Rate; Capital Stock; Income Elasticity; Sectoral Growth; Indirect Utility Function (search for similar items in EconPapers)
Date: 1989
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-10268-6_10

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DOI: 10.1007/978-1-349-10268-6_10

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