Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Econometric analysis and agricultural and development plans / D. Gale Johnson, University of Chicago - Chicago - U.S.A.

Collection:: Economics Books

144 PONTIFICIAE ACADEMIAE SCIENTIARVM SCRIPTA VARIA - 28 [. AGRICULTURE AND ECONOMIC DEVELOPMENT (!) A. General Framework One of the important interrelationships between agriculture and the rest of the economy during the process of economic development has been called the law of declining importance of agriculture. This « law » has both very strong empirical support and a firm analytical base (?). The major industrial countries of the world, with the exception of the United King- dom, had at the beginning of the 19th century approximately the same percentage of the labor force engaged in agriculture as is now true in the low income countries of the world. Except for the Soviet Union, all of the major industrial nations now have 20%or less of their labor force engaged in agriculture, with the United Kingdom at about 5% and the United States at 8%. The theoretical analysis that explains the empirical decline in the relative importance of agriculture as a source of employ- ment as economic growth occurs is relatively simple. The analysis depends upon well. substantiated effects of per capita income changes upon the allocation of consumer expenditures (!) This section and certain other parts of my paper are based in part upon my paper, The Role of Agriculture in Economic Development, which was presented at the 1963 Resources for the Future Forum on the Role of Natural Resources in Economic Development. in Washington. D.C. on January 28 and 29, 1963. (*) The empirical support can be found in Corin CLARK, The Conditions of Economic Progress, 3rd ed., 1957, Ch. 10 and Simon KUzNETS, Quan- titative Aspects of the Economic Growth of Nations: II. Industrial Distri- bution of National Product and Labor Force, « Economic Development and Cultural Change », supplement to vol V. No. 4, July. 1057 16] Johnson - pag. 4

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