Agricultural productivity, trade, and industrialisation |
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Authors: | Duranton Gilles |
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Institution: | Department of Geography, London School of Economics Houghton Street, London WC2A 2AE |
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Abstract: | Traditional development economics states that industrialisationmust be positively correlated with agricultural developmentas in the American and many European cases. However, some recentindustrialisation experiences suggests a negative link whichcan be supported by a simple Ricardian argument Yet this argumentis not consistent with the agricultural leap forwardthat often occurred before industrialisation took place. Here,we develop a model in which, for a closed economy, industrialisationfollows rising agricultural productivity. For a small open economy,multiple equilibria are possible and industrialisation tendsto be associated with low agricultural productivity, but istriggered by sudden changes in it. |
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