Abstract
The role of agriculture in inducing industrial growth has been widely recognised by economists. Among economic historians, this includes the seminal studies of Bairoch (1973) on Europe, Ohkawa and Rosovsky (1964) on Japan, Dobb (1966) on the Soviet Union, and Johnston and Kilby (1975) on Taiwan and South Korea. Among economic theorists, fundamental contributions were made by Lewis (1958), Jorgenson (1969), Fei and Ranis (1964), Lele and Mellor (1981), and Adelman (1984), each stressing different aspects of the relationship between agriculture and industry. In a separate stream of thought, agricultural economists have addressed the issue of the sources of agricultural growth. Prominent are the studies of technological change by Hayami and Ruttan (1985), land tenure by Dorner (1972), and price policy by the World Bank (1986). Rarely have these two streams of thought been integrated in the sense of tracing the feedback between industrial development and sustained sources of agricultural growth. Missing, in particular, is knowledge of how shifts in demand for agricultural products allow protection of the level of agricultural prices and the profitability of investment in agriculture in spite of rapid agricultural growth and a generally inelastic demand.
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References
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© 1989 International Economic Association
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de Janvry, A., Sadoulet, E. (1989). Growth and Equity in Agriculture-led Growth. In: Adelman, I., Lane, S. (eds) The Balance between Industry and Agriculture in Economic Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10268-6_6
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DOI: https://doi.org/10.1007/978-1-349-10268-6_6
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