Abstract
Economic growth generates important changes in the sectoral composition of the economy. In the early stages of growth, the economy is largely rural, whereas in mature economies, agriculture constitutes only a small fraction of the economy. As a good part of the world’s population still lives in rural areas, it is of great interest to understand the dynamics of this process. The subject of sectoral growth can be placed in a broader perspective, since the process of growth in mature economies generates other sectoral changes of great importance, such as a shift towards services. This process has many similarities to the process of industrialisation.
This chapter reports on a part of a research project on agriculture and economic growth in Argentina conducted jointly by IEERAL and IFPRI. We thank Roberto Domenech for the empirical analysis and Jose A. Scheinkman for comments.
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© 1989 International Economic Association
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Cavallo, D., Mundlak, Y. (1989). On the Nature and Implications of Intersectoral Resource Allocations: Argentina 1913–84. In: Adelman, I., Lane, S. (eds) The Balance between Industry and Agriculture in Economic Development. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10268-6_10
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DOI: https://doi.org/10.1007/978-1-349-10268-6_10
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