Agricultural revolution and industrialization
نویسندگان
چکیده
This study explores how agricultural technology affects the endogenous takeoff of an economy in Schumpeterian growth model. Due to subsistence requirement for consumption, improvement reallocates labor from agriculture industrial sector. Therefore, expands firm size sector, which determines innovation and triggers transition stagnation growth. Calibrating model data, we find that without reallocation sector early 19th century, US would have been delayed by about four decades.
منابع مشابه
Principal Component Analysis of Anhui Agricultural Industrialization
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ژورنال
عنوان ژورنال: Journal of Development Economics
سال: 2022
ISSN: ['1872-6089', '0304-3878']
DOI: https://doi.org/10.1016/j.jdeveco.2022.102887