New PDF release: Can Economic Growth Be Sustained?: The Collected Papers of

By Keijiro Otsuka, C. Ford Runge

ISBN-10: 0199754357

ISBN-13: 9780199754359

This number of essays through Ruttan and Hayami spans their lengthy profession within the economics of technical and institutional switch. At either a theoretical and empirical point, their research of triggered innovation presents an effective beginning for knowing how and why applied sciences and associations evolve in accordance with elements that constrain them. Can financial progress Be Sustained? offers a sweeping rationalization of this procedure. As students, Ruttan and Hayami's skills and studies complemented one another. jointly, they'd nice luck in operating throughout contexts to combine Western types of technological switch and extra holistic Asian views on multi-factorial interplay. Their views are large ranging, overlaying huge geographical parts and punctiliously interpreting the old improvement of agriculture within the usa, Japan, and plenty of different international locations. This quantity collects their such a lot influential papers, from which a lot could be realized.

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Extra resources for Can Economic Growth Be Sustained?: The Collected Papers of Vernon W. Ruttan and Yujiro Hayami

Sample text

The changes in land inputs, nonland capital inputs, and the level of technology that actually take place will be strongly influenced by governmental policy. 32 Can Economic Growth Be Sustained? A major share of the costs of the research and development involved in advancing the level of technology in agriculture is borne by the states and the federal government. If, as argued in this paper, technological change and capital inputs can be viewed as substitutes, it then becomes possible to get away from the question of the quantity of resources (or income) which the nation “needs” to devote to research if output requirements are to be met.

Moomow reported a rather flat inverted U-shaped response. ” Tanaka came from a traditionally low-wage labor-surplus economy. He employed a very labor-intensive system of weed control. Moomaw, accustomed to working in a high-wage labor-scarce economy, waited until the weed infestation had become competitive with the rice and then applied herbicide and killed some rice plants as well as the weeds. There were also differences in views regarding the relative emphasis that should be given to green manure as a source of soil fertility that reflected the relative land resource endowments of their home countries.

Department of Agriculture 1952c: 661. The farm employment series employed in models I to IV is the revised Bureau of Agricultural Economics farm employment estimates as presented in Farm Labor 1952. In models V to VIII, the BLS-Census Annual Report on the Labor Force estimates of farm employment were employed (see Joint Committee on the Economic Report 1953). These estimates appear to reflect “work done” more closely than even the recently revised BAE estimates, which reflect “participation” in agricultural employment.

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Can Economic Growth Be Sustained?: The Collected Papers of Vernon W. Ruttan and Yujiro Hayami by Keijiro Otsuka, C. Ford Runge


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