A Century-Long Perspective on Agricultural Development
Christopher B. Barrett
Cornell University - Charles H. Dyson School of Applied Economics & Management
Michael R. Carter
University of Wisconsin - Madison - Department of Agricultural & Applied Economics
Center for Global Development
January 1, 2009
American Journal of Agricultural Economics, 2009
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
JEL Classification: O1, O3, O4, Q1Accepted Paper Series
Date posted: May 23, 2011
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