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Economic development and the role of agricultural technology
Authors:Sharmistha Self  Richard Grabowski
Institution:Department of Economics, Missouri State University, Springfield, Missouri 65897, USA;Department of Economics, Southern Illinois University, Carbondale, Illinois 62901, USA
Abstract:In earlier debates on economic development, the agricultural sector's role was somewhat controversial. While dualistic models highlighted the importance of agriculture, the mainstream literature placed a greater emphasis on the creation of a modern industrial sector. Soon agriculture disappeared from the mainstream development literature to re‐emerge recently with a variety of multiple‐sector growth models emphasizing the key role of agriculture and specifically technology in agriculture. This article is an empirical cross‐country analysis of agricultural technology's role in economic development. Specifically, the hypothesis being tested is whether improvements in agricultural technology have a significant impact on long‐run economic growth. The results indicate that agricultural modernization has a positive effect on both measures of economic growth and human development.
Keywords:O13  Q10  Q16
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