Abstract
The time path of the agricultural share in total output is determined by the differential growth rates of agriculture and nonagriculture, and these varied considerably over time in Chile as elsewhere. This study examines the causes for this variability in sectoral outputs and the relative long-term constancy of the share of agriculture by studying the broader issue of the determinants of sectoral growth. An overview of a model is provided, and the main relationships, which are studied in more detail in subsequent chapters, are introduced. The approach taken in the analysis of both factor productivity and its response to the changes in the economic environment is described and estimates of the sectoral production functions are provided. The behavior of the labor markets is analyzed by analyzing the off-farm labor migration and the determination of sectoral wages in nonagriculture. An analysis of the behavior of sectoral prices and their dependence on international prices and the macro policies is provided. The various components of the model are assembled to simulate the economy and to examine its response to changes in relative prices including changes in the real exchange rates. The growth aspects of the model are discussed. -from Authors
| Original language | English |
|---|---|
| Journal | Research Report - International Food Policy Research Institute |
| Volume | 95 |
| Publication status | Published - 1993 |
ASJC Scopus subject areas
- General Earth and Planetary Sciences
- General Environmental Science