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Research Activities

Research Projects

FY 2009/2010 Research Topic: 4-21
Agricultural Productivity Growth and Economic Development: The Dynamic Effects of Land Ownership and Market Frictions


Sectoral changes from agriculture to industry and services have been recognized as a fairly robust fact in the course of economic development. It has also been emphasized that agricultural productivity growth was the most decisive factor in explaining the successful structural transformation in the economy. A growing body of literature, both theoretical and empirical, now exists on the long run economic growth in an attempt to analyze explicitly the role of the agricultural sector.

In this research project, departing from previous studies, I consider a two-sector growth model that takes into account market frictions and the pattern of land distribution in the rural economy. Although these issues have attracted much attention from development/agricultural economists, they are seldom related to the discussion of economic growth. The purpose of this study is to examine the effects of rural institutional factors on the economic growth, and to analyze the empirical validity of the model.


2009/4 - 2010/2


Members of the Research Project


The paper will be submitted to academic journals.