A Century‐Long Perspective on Agricultural Development

22 Pages Posted: 6 Apr 2020

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

C. Peter Timmer

Harvard University - Department of Economics

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Date Written: April 2010

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

Suggested Citation

Barrett, Christopher B. and Carter, Michael R. and Timmer, C. Peter, A Century‐Long Perspective on Agricultural Development (April 2010). American Journal of Agricultural Economics, Vol. 92, Issue 2, pp. 447-468, 2010, Available at SSRN: https://ssrn.com/abstract=3569187 or http://dx.doi.org/10.1093/ajae/aaq005

Christopher B. Barrett (Contact Author)

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

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Michael R. Carter

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

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Madison, WI 53706-1503
United States
608-263-2478 (Phone)

C. Peter Timmer

Harvard University - Department of Economics

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Cambridge, MA 02138
United States
617-495-9778 (Phone)

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