Residential College | false |
Status | 已發表Published |
Agricultural revolution and industrialization | |
Angus C. Chu1; Pietro F. Peretto2; Xilin Wang3 | |
2022-09 | |
Source Publication | JOURNAL OF DEVELOPMENT ECONOMICS |
ABS Journal Level | 3 |
ISSN | 0304-3878 |
Volume | 158Pages:102887 |
Abstract | This study explores how agricultural technology affects the endogenous takeoff of an economy in the Schumpeterian growth model. Due to the subsistence requirement for agricultural consumption, an improvement in agricultural technology reallocates labor from agriculture to the industrial sector. Therefore, agricultural improvement expands firm size in the industrial sector, which determines innovation and triggers an endogenous transition from stagnation to growth. Calibrating the model to data, we find that without the reallocation of labor from agriculture to the industrial sector in the early 19th century, the takeoff of the US economy would have been delayed by about four decades. |
Keyword | Agricultural Technology Endogenous Takeoff Innovation Economic Growth |
DOI | 10.1016/j.jdeveco.2022.102887 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:000808237500001 |
Publisher | ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS |
Scopus ID | 2-s2.0-85131128661 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ECONOMICS |
Corresponding Author | Xilin Wang |
Affiliation | 1.Department of Economics, University of Macau, Macau, China 2.Department of Economics, Duke University, Durham, United States 3.China Center for Economic Studies, School of Economics, Fudan University, Shanghai, China |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Angus C. Chu,Pietro F. Peretto,Xilin Wang. Agricultural revolution and industrialization[J]. JOURNAL OF DEVELOPMENT ECONOMICS, 2022, 158, 102887. |
APA | Angus C. Chu., Pietro F. Peretto., & Xilin Wang (2022). Agricultural revolution and industrialization. JOURNAL OF DEVELOPMENT ECONOMICS, 158, 102887. |
MLA | Angus C. Chu,et al."Agricultural revolution and industrialization".JOURNAL OF DEVELOPMENT ECONOMICS 158(2022):102887. |
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