Download Can Economic Growth Be Sustained?: The Collected Papers of by Keijiro Otsuka, C. Ford Runge PDF

By Keijiro Otsuka, C. Ford Runge

This selection of essays by means of Ruttan and Hayami spans their lengthy occupation within the economics of technical and institutional swap. At either a theoretical and empirical point, their research of caused innovation presents a pretty good starting place for figuring out how and why applied sciences and associations evolve based on elements that constrain them. Can financial progress Be Sustained? presents a sweeping rationalization of this procedure. As students, Ruttan and Hayami's talents and reviews complemented one another. jointly, that they had nice luck in operating throughout contexts to combine Western types of technological swap and extra holistic Asian views on multi-factorial interplay. Their views are vast ranging, overlaying huge geographical components and punctiliously analyzing the old improvement of agriculture within the usa, Japan, and plenty of different international locations. This quantity collects their so much influential papers, from which a lot may be realized.

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

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Given the assumption of neutral technological change the continued decline in farm employment posited above depends on the assumption that labor input prices will continue to rise relative to nonlabor inputs. , Schultz 1953) led to the specification of two alternative land input models for each technological change situation. Regardless of the direction of change in land inputs during the next quarter century, recent studies seem to agree that these changes will be rather small. 75 acres of plowable pasture are, on the average, equivalent to 1 acre of cropland and that changes in the relative contribution to total farm output of nonplowable pasture,17 woodland pasture, and grazing lands outside of farms will be sufficiently small to be ignored, then the land use change projections by Black and Gauss in the President’s Materials Policy Commission (Paley) (1952) indicate a land input of III in 1975 (1950 = 100), while the changes suggested in the President’s Water Policy Commission (Cooke) Report indicate a land input of 100 in 1975.

As we proceeded with our writing, it became clear that the induced technical change theme could provide the structure needed to integrate a large body of theoretical and empirical research on agricultural development. We then began outlining a joint research program that led to the elaboration and further testing, in our book Agricultural Development, of the induced technical change hypothesis (Hayami and Ruttan 1971). One of our objectives was to develop a single model of agricultural development that would be able to incorporate historical agricultural development experience in both the presently developed and the less developed countries.

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.

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