Increasing Returns in Industry and the Role of Agriculture in Growth.

C-Tier
Journal: Oxford Economic Papers
Year: 1988
Volume: 40
Issue: 3
Pages: 463-76

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Despite diminishing returns in agriculture, the production of food is not a binding constraint on growth in industrialized countries. A model is constructed in which growth is associated with a movement of labor out of agriculture and into industry, where increasing returns prevail. If the increasing returns are large enough, long-run growth can be sustained by the production of even cheaper farm machinery. However, there may be a take-off problem if the economy starts near subsistence; it may be impossible to feed workers who move into industry in the periods before their output leads to greate r food production. Copyright 1988 by Royal Economic Society.

Technical Details

RePEc Handle
repec:oup:oxecpp:v:40:y:1988:i:3:p:463-76
Journal Field
General
Author Count
1
Added to Database
2026-01-25