Yujiro Hayami and Vernon W. Ruttan
- Published in print:
- 2011
- Published Online:
- April 2015
- ISBN:
- 9780199754359
- eISBN:
- 9780190261320
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:osobl/9780199754359.003.0010
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This chapter explores the common basis for rapid growth in agricultural output and productivity that lies in the adaptation of agricultural technology to the contrasting factor proportions in Japan ...
More
This chapter explores the common basis for rapid growth in agricultural output and productivity that lies in the adaptation of agricultural technology to the contrasting factor proportions in Japan and the United States. It explains the important aspect of adaptation as the ability to generate a continuous sequence of induced innovations in agricultural technology that are subjective toward saving limiting factors. In Japan the innovations were biological and chemical, while in the United States the innovations were mechanical.Less
This chapter explores the common basis for rapid growth in agricultural output and productivity that lies in the adaptation of agricultural technology to the contrasting factor proportions in Japan and the United States. It explains the important aspect of adaptation as the ability to generate a continuous sequence of induced innovations in agricultural technology that are subjective toward saving limiting factors. In Japan the innovations were biological and chemical, while in the United States the innovations were mechanical.
Yujiro Hayami
- Published in print:
- 2011
- Published Online:
- April 2015
- ISBN:
- 9780199754359
- eISBN:
- 9780190261320
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:osobl/9780199754359.003.0015
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This chapter identifies the nature of a new agricultural problem emerging in high-performing economies in Asia, as they advance from the low-income to a middle-income stage. The “agricultural ...
More
This chapter identifies the nature of a new agricultural problem emerging in high-performing economies in Asia, as they advance from the low-income to a middle-income stage. The “agricultural problem” is defined as a problem in designing and implementing agricultural policies to promote national economic development. The chapter concludes with an analysis of needed investments in appropriate agricultural technology to prevent the loss of comparative advantage in agriculture and investments in human capital to facilitate the transfer of labor from farm to non-farm sectors.Less
This chapter identifies the nature of a new agricultural problem emerging in high-performing economies in Asia, as they advance from the low-income to a middle-income stage. The “agricultural problem” is defined as a problem in designing and implementing agricultural policies to promote national economic development. The chapter concludes with an analysis of needed investments in appropriate agricultural technology to prevent the loss of comparative advantage in agriculture and investments in human capital to facilitate the transfer of labor from farm to non-farm sectors.
