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Economic Development and Convergence Revisited: the Role of Agricultural Modernization

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. This paper is an empirical cross-country analysis of agriculture’s role in economic development. The focus is the importance of agricultural modernization as a precondition for convergence in postwar growth rates as well as an indicator for overall growth and wellbeing

Similar works

This paper was published in OpenSIUC.

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