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Factor Endowments Wage Growth and Changing Food Self Sufficiency Book PDF Summary

Asian countries have witnessed a sharp increase in real wage as a result of rapid economic growth and structural transformation in recent years. Using a country level panel data from 1980 to 2010, this paper examines the effects of real wage increase on Asian agriculture that traditionally used family labor intensively on small farms. The empirical evidence supports our hypothesis that an increase in real wages, along with absorptions of labor into nonagricultural sectors, has been inducing the substitution of labor by machines in agriculture. However, this process is less successful in the countries that are constrained by their small operational land sizes, resulting in lowered land productivity. We also demonstrated that dynamic changes in yield are an important determinant of food self-sufficiency ratio. The above findings imply that in the near future, Asian agriculture can face a challenge in maintaining domestic food production. Given the large size of consumer demands in the region and its increasing trend, the future path of Asian agriculture could be a significant constraint on the global food supply–demand balance.

Detail Book of Factor Endowments Wage Growth and Changing Food Self Sufficiency PDF

Factor Endowments  Wage Growth  and Changing Food Self Sufficiency
  • Author : Keijiro Otsuka
  • Release : 26 February 2013
  • Publisher : Intl Food Policy Res Inst
  • ISBN : 978186723xxxx
  • Genre : Social Science
  • Total Page : 20 pages
  • Language : English
  • PDF File Size : 12,9 Mb

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Agricultural Mechanization in Ghana

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File Size : 15,8 Mb
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