Journal Article

A Century-Long Perspective on Agricultural Development

Christopher B. Barrett, Michael R. Carter and C. Peter Timmer

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 92, issue 2, pages 447-468
Published in print April 2010 | ISSN: 0002-9092
Published online April 2010 | e-ISSN: 1467-8276 | DOI: https://dx.doi.org/10.1093/ajae/aaq005
A Century-Long Perspective on Agricultural Development

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  • Technological Change; Research and Development
  • Agricultural Economics
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This article strategically surveys the past century’s literature on agricultural development. We organize the discussion around three “grand themes” that reveal the richness of agricultural development as an intellectual endeavor. First, we explore the role of agriculture in the broader development process from a macroeconomic and political economy perspective. We then examine the role of technological and institutional change in successful agricultural development. Finally, the focus turns to a microeconomic perspective on agricultural household decision making and the problems of imperfect and missing markets, asymmetric information, and transactions costs that lead to widespread apparent inefficiency and disequilibrium.

Keywords: Household Models; Institutional Change; Linkages; Structural Transformation; Technical Change; O1; O3; O4; Q1

Journal Article.  13016 words. 

Subjects: Technological Change; Research and Development ; Agricultural Economics ; Economic Growth and Aggregate Productivity ; Economic Development

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