Industrial output fluctuations in developing countries: General equilibrium consequences of agricultural productivity shocks
This paper shows that a negative shock to agricultural productivity may increase food prices, and labor and capital can move away from manufacturing into agriculture to meet the subsistence requirement for food. This effect depends on income levels and openness to trade. Using annual manufacturing d...
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Main Author: | LEE, Iona Hyojung |
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Format: | text |
Language: | English |
Published: |
Institutional Knowledge at Singapore Management University
2018
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Subjects: | |
Online Access: | https://ink.library.smu.edu.sg/soe_research/1728 https://ink.library.smu.edu.sg/context/soe_research/article/2727/viewcontent/IndustrialOutputFluctuations_updated.pdf |
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Institution: | Singapore Management University |
Language: | English |
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