On Why Agriculture Declines with Economic Growth
解释了在封闭和开放经济中,农业为何随经济增长而相对衰退,关键原因是对非贸易品的需求收入弹性高,导致资源转移。
Abstract When economic growth is characterised by a slow rise in the demand for food and rapid growth in farm relative to non‐farm productivity, it is understandable that agriculture in a closed economy declines in relative terms as that economy develops. But why should agriculture decline in virtually all open growing economies as well, including those able to retain a comparative advantage in agricultural products? A key part of the answer is that the demand for non‐tradable goods tends to be income elastic, so resources are diverted to their production even in open economies .