A five sector model of agricultural development, industrialization and food aid in a dual economy
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The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.
CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.
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Abstract
The over-all purpose of this study is to investigate the inter-relationships between the agricultural and nonagricultural sectors during the process of economic development, with some particular attention to the effects of food aid. The major portion of the study is devoted to a theoretical analysis of these intersectoral relationships. A five-sector, optimizing model of an underdeveloped, dual economy is formulated and extensively analyzed. The five sectors include subsistence or traditional agriculture, commercial agriculture, manufacturing goods production, capital goods production, and a government sector. Three products are produced: agricultural goods, which can only be consumed, manufacturing goods which can either be consumed or used as nondurable factors of production, and capital goods, which can only be used as durable factors of production.