Abstract
AbstractThe goal of this study is to understand and measure the effect of differential rates of technical change in the agricultural and nonagricultural sector on per capita income growth and sectoral allocation of income and factors of production. A fairly simple dynamic general equilibrium model with an agricultural and nonagricultural sector was constructed along neoclassical lines (but including labor market imperfections) and applied to Japanese data from 1880 to 1965. Nonagricultural technical change contributed more to per capita income growth than agricultural technical change. The latter also tends to push resources, particularly labor, out of the agricultural sector.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
