TECHNOLOGY, FACTOR ENDOWMENT, PRICES AND THE RELATIVE DECLINE OF AGRICULTURE IN TAIWAN
Lilyan Fulginiti () and
E. Wesley Peterson ()
Authors registered in the RePEc Author Service: Sun Ling Wang
No 21700, 1999 Annual meeting, August 8-11, Nashville, TN from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
This paper specifies an empirical model of the relative decline of the agricultural sector consistent with the neoclassical explanation. We utilize a production theory approach to analyze the effect of changes in relative prices, relative factor endowments and technical change on the share of agriculture in GDP in a growing economy. The model is estimated with time series data on the agricultural sector and nonagricultural sectors in Taiwan.
Keywords: Agribusiness; Productivity Analysis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea99:21700
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