A Century-Long Perspective on Agricultural Development

American Journal of Agricultural Economics, 2009

Posted: 23 May 2011

See all articles by Christopher B. Barrett

Christopher B. Barrett

Cornell University - Charles H. Dyson School of Applied Economics & Management

Michael R. Carter

University of Wisconsin - Madison - Department of Agricultural & Applied Economics

Peter Timmer

Center for Global Development

Multiple version iconThere are 2 versions of this paper

Date Written: January 1, 2009

Abstract

This article strategically surveys the past century’s literature on agricultural development. We organize the discussion around three “grand themes” that reveal the richness of agricultural development as an intellectual endeavor. First, we explore the role of agriculture in the broader development process from a macroeconomic and political economy perspective. We then examine the role of technological and institutional change in successful agricultural development. Finally, the focus turns to a microeconomic perspective on agricultural household decision making and the problems of imperfect and missing markets, asymmetric information, and transactions costs that lead to widespread apparent inefficiency and disequilibrium.

Keywords: Household Models, Institutional Change, Linkages, Structural Transformation, Technical Change

JEL Classification: O1, O3, O4, Q1

Suggested Citation

Barrett, Christopher B. and Carter, Michael R. and Timmer, Peter, A Century-Long Perspective on Agricultural Development (January 1, 2009). American Journal of Agricultural Economics, 2009, Available at SSRN: https://ssrn.com/abstract=1845814

Christopher B. Barrett (Contact Author)

Cornell University - Charles H. Dyson School of Applied Economics & Management ( email )

315 Warren Hall
Ithaca, NY 14853-7801
United States
607-255-4489 (Phone)
607-255-9984 (Fax)

HOME PAGE: http://aem.cornell.edu/faculty_sites/cbb2/

Michael R. Carter

University of Wisconsin - Madison - Department of Agricultural & Applied Economics ( email )

427 Lorch St.
Madison, WI 53706-1503
United States
608-263-2478 (Phone)

Peter Timmer

Center for Global Development

2055 L St. NW
5th floor
Washington, DC 20036
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
366
PlumX Metrics