On the Nature and Implications of Intersectoral Resource Allocations: Argentina 1913–84

  • Domingo Cavallo
  • Yair Mundlak
Part of the International Economic Association Series book series (IEA)

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.

Keywords

Migration Europe Income Argentina Volatility 

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Copyright information

© International Economic Association 1989

Authors and Affiliations

  • Domingo Cavallo
    • 1
  • Yair Mundlak
    • 2
    • 3
  1. 1.Instituto De Estudios Economicos Sobre La Realidad Argentina Y Latino AmericanoIsrael
  2. 2.Hebrew University of JerusalemIsrael
  3. 3.University of Chicago and IfpriUSA

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