Accounting for agricultural decline with economic growth in Taiwan
分解了台湾农业占GDP比重下降的原因，发现相对价格影响较小，而资本劳动比上升是主因，技术进步虽偏向农业但被要素投入效应掩盖。
Abstract In this paper, we develop an empirical model to decompose the evolution of the agricultural share of GDP into three components: price changes, factor endowment changes and technological change. Our results suggest that relative prices have a positive but small influence on the share of agriculture in GDP in both the long‐run and the short‐run. An increase in capital per unit of labor, on the other hand, is associated with a smaller agricultural share. Technical change has been biased in favor of the agricultural sector but this effect has been swamped by the magnitude of the input effects, in particular, the changes in the capital‐labor ratio.