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Capital accumulation and economic growth: The case of the retail food industry in developing countries

By Terry Roe and Xinshen DiaoTerry Roe and Xinshen Diao

Abstract

The share of resources allocated to food marketed through super-markets and their marketing channels has grown at an unprecedented rate in developing countries during the 1990s. This expansion has caused some resources to depart traditional channels. Differences in the relative capital intensity of the modern marketing channels in con-trast to the traditional channels is shown to explain at least part of this evolution as the process of economic growth and capital deepen-ing, even when the food share of total expenditures declines. In this case, incomplete markets and policy distortions can exacerbate the effects of adjustment in traditional agriculture, placing a greater need for policy makers to address these shortcomings

Topics: Supermarkets, Economic Growth, Capital Accumula- tion JEL Classification, O13, F43, Q18
Year: 2004
DOI identifier: 10.1111/j.0002-9092.2004.00626.x
OAI identifier: oai:CiteSeerX.psu:10.1.1.584.6427
Provided by: CiteSeerX
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