Induced Innovation in Agriculture

Vernon Ruttan, Hans Binswanger-Mkhize and Yujiro Hayami

Chapter 11 in Economic Growth and Resources, 1980, pp 162-189 from Palgrave Macmillan

Abstract: Abstract The 1970s have been a period of renewed uncertainty with respect to the long-run prospects for economic growth and human welfare. We were confronted in the early 1970s with a convergence of scientific opinion and ideological perspective which insisted that the world was fast approaching both the physical and cultural limits to growths. There is a continuing concern that advances in man’s capacity for scientific and technical innovation have not been matched by the institutional innovations needed to enable him to manage and direct this capacity for his own welfare.

Keywords: Technical Change; Factor Price; Resource Endowment; Factor Endowment; Price Ratio (search for similar items in EconPapers)
Date: 1980
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DOI: 10.1007/978-1-349-16328-1_11

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