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The Role of Sectoral Technical Change in Development: Japan, 1880–1965
Author(s) -
Yamaguchi Mitoshi,
Binswanger Hans P.
Publication year - 1975
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238502
Subject(s) - economics , agriculture , technical change , per capita income , differential (mechanical device) , per capita , production (economics) , agricultural economics , sectoral analysis , agricultural productivity , natural resource economics , labour economics , macroeconomics , productivity , geography , population , demography , archaeology , aerospace engineering , sociology , engineering
The 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.