Agricultural Expansion, Resource Booms and Growth in Latin America: Implications for Long-Run Economic Development

Posted: 8 Mar 2004

See all articles by Edward B. Barbier

Edward B. Barbier

Colorado State University, Fort Collins - Department of Economics

Abstract

This paper examines a number of key issues concerning agricultural land expansion, resource booms and economic growth in Latin America. The structural characteristics of agricultural development, represented by cropland share of total land area, agricultural export share of total exports and cereal yields, appears to influence agricultural land expansion in the region. Long-run agricultural land expansion may also be correlated with a boom and bust pattern of economic development. Contributing factors include distorted land and resource markets, ineffective property rights and the failure to target policies to improve the efficient and sustainable management of natural resources.

Keywords: Agricultural land expansion, Dutch disease, economic growth, Latin America, resource booms

JEL Classification: O13, O41, Q32, Q33

Suggested Citation

Barbier, Edward B., Agricultural Expansion, Resource Booms and Growth in Latin America: Implications for Long-Run Economic Development. World Development, Vol. 32, No. 1, pp. 137-157, January 2004. Available at SSRN: https://ssrn.com/abstract=515122

Edward B. Barbier (Contact Author)

Colorado State University, Fort Collins - Department of Economics ( email )

Fort Collins, CO 80523-1771
United States

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