Agriculture and Structural Transformation in Developing Asia: Review and Outlook

39 Pages Posted: 6 Sep 2013

See all articles by Roehlano Briones

Roehlano Briones

Philippine Institute for Development Studies

Jesus Felipe

Asian Development Bank

Date Written: August 2013

Abstract

Relative to other developing regions, developing Asia has experienced a slower decline in employment share in agriculture, compared to its output share; a rapid growth in labor and land productivity; and a shift from agricultural output from traditional to high-value products. The most successful Asian economies have pursued an agricultural development-led industrialization pathway. Nevertheless, agriculture remains the largest employer in many large Asian countries, hence future structural transformation must take into account agricultural transformation. Extrapolating from past trends, and taking to account emerging conditions, many countries of developing Asia will be expected to move on to the next phase of agricultural development; however even in the long term, agriculture’s employment share will continue to be sizable relative with the output share. To expedite transformation, many Asian countries will still need to promote long term productivity growth in agriculture and facilitate upgrading of their farms and agroenterprises within the global value chain.

Keywords: economic growth, structural transformation, agricultural development, agricultural productivity, global value chain

JEL Classification: O13, Q19

Suggested Citation

Briones, Roehlano and Felipe, Jesus, Agriculture and Structural Transformation in Developing Asia: Review and Outlook (August 2013). Asian Development Bank Economics Working Paper Series No. 363. Available at SSRN: https://ssrn.com/abstract=2321525 or http://dx.doi.org/10.2139/ssrn.2321525

Roehlano Briones (Contact Author)

Philippine Institute for Development Studies ( email )

NEDA sa Makati Bldg.
106 Amorsolo St., Legaspi Village
Manilla, NCR 1229
Philippines

Jesus Felipe

Asian Development Bank ( email )

6 ADB Avenue, Mandaluyong City 1550
Metro Manila
Philippines

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