.png){kind=icon}
返回
CAPITAL ACCUMULATION AND STRUCTURAL TRANSFORMATION
.png){kind=icon}
OA
AI
DOI：10.1093/qje/qjz044.png)
.png){kind=icon}
.png){kind=icon}
分享.png){kind=icon}
收藏
摘要
En 中文
Several scholars argue that high agricultural productivity can retard industrial development because it draws resources toward the comparative advantage sector, agriculture. However, agricultural productivity growth can increase savings and the supply of capital, generating an expansion of the capital-intensive sector, manufacturing. We highlight this mechanism in a simple model and test its predictions in the context of a large and exogenous increase in agricultural productivity due to the adoption of genetically engineered soy in Brazil. We find that agricultural productivity growth generated an increase in savings, but these were not reinvested locally. Instead, there were capital outflows from rural areas. Capital reallocated toward urban regions, where it was invested in the industrial and service sectors. The degree of financial integration affected the speed of structural transformation. Regions that were more financially integrated with soy-producing areas through bank branch networks experienced faster growth in nonagricultural lending. Within these regions, firms with preexisting relationships with banks receiving funds from the soy area experienced faster growth in borrowing and employment.
Keyword:
FACTOR-PRICE EQUALIZATION
AGRICULTURAL PRODUCTIVITY
FINANCIAL FRICTIONS
COMPARATIVE ADVANTAGE
GROWTH
CREDIT
TRADE
MODEL
INTERMEDIATION
LIBERALIZATION
AI总结
对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。
期刊
IF:
12.7
论文数:
1.2K
被引数:
4.1W
机构
引用论文
Efficiency of hydrogen transferring liquefaction of a subbituminous coal using hydrogenated fluoranthene for short contact time at high temperature and low pressure.png)
Fuel
FuelIF0
PREAI
分享收藏Confirmed resistance to aryloxyphenoxypropionate herbicides in Phalaris minor populations in Iran
PREAI
分享收藏Agricultural Productivity and Structural Transformation: Evidence from BrazilAMERICAN ECONOMIC REVIEWOAAI
AMERICAN ECONOMIC REVIEWIF11.6
OAAI分享收藏
查看更多内容