STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE

In this paper it is hypothesized that premature deindustrialization is related to the intersectoral terms of trade between agriculture and manufacturing. Using a dualistic model it is shown that factors which raise the price of agricultural goods relative to manufactured goods slow the rate of struc...

Full description

Saved in:
Bibliographic Details
Published in:Journal of economic development 2019, 44(2), 174, pp.29-47
Main Authors: Grabowski, Richard, Self, Sharmistha
Format: Article
Language:English
Subjects:
Agricultural production
Agriculture
Deindustrialization
Developing countries
Economic development
Economic growth
Economic models
Employment
GDP
Globalization
Gross Domestic Product
Hypotheses
LDCs
Manufacturing
Per capita
Political economy
Productivity
Supply chains
Terms of trade
경제학
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page 47
container_issue 2
container_start_page 29
container_title Journal of economic development
container_volume 44
creator Grabowski, Richard
Self, Sharmistha
description In this paper it is hypothesized that premature deindustrialization is related to the intersectoral terms of trade between agriculture and manufacturing. Using a dualistic model it is shown that factors which raise the price of agricultural goods relative to manufactured goods slow the rate of structural change from agriculture to manufacturing. Data from a number of Southeast Asian countries is used to create a panel data set to test the hypothesis. Indeed a rise in the relative price of agricultural goods does indeed slow structural change and that on important factor raising this relative price ratio has been the elimination of policies which indirectly tax agriculture. The policy implication is that in order to avoid this unexpected consequence of policy reform government policy must be aimed at dramatically increasing productivity growth in agriculture.
doi_str_mv 10.35866/caujed.2019.44.2.002
format article
fullrecord <record><control><sourceid>proquest_nrf_k</sourceid><recordid>TN_cdi_nrf_kci_oai_kci_go_kr_ARTI_5865884</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2296584390</sourcerecordid><originalsourceid>FETCH-LOGICAL-c2572-422020c0b2d175b6aa9143e9a8fca7e3ce32b20ab6dc635cccec40ce5a7c386e3</originalsourceid><addsrcrecordid>eNotkF1LwzAYhXOh4Jz-BCHglReraT764V3osq0wW2lT8C6kWSrbdJ2pu_Dfm61enRfOw8vhAeAhRAFhSRQ9G33a2U2AUZgGlAY4QAhfgQnCjM4SEuMbcDsMO4QiFMbJBFS1rJpMNhVfw2zFi6WAvJhDuRIwL6SoapHJ8lz6-7WG5QLKis_FC6zLxkO8lpDXOS-geH8TVS6KTNyB605_Dvb-P6egWQiZrWbrcplnfD0zmMV4RjFGGBnU4k0YszbSOg0psalOOqNjS4wluMVIt9HGRIQZY6yhyFimY0OSyJIpeBr_Hlyn9marer295Eev9k7xSubKK2FJQj37OLJH13-f7PCjdv3JHfw8hXHqGUpS5Ck2Usb1w-Bsp45u-6XdrwqRuuhVo1511qsoVVh5veQPAm9pgg</addsrcrecordid><sourcetype>Open Website</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2296584390</pqid></control><display><type>article</type><title>STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE</title><source>ABI/INFORM Global</source><source>Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals</source><source>Business Source Ultimate (EBSCOHost)</source><creator>Grabowski, Richard ; Self, Sharmistha</creator><creatorcontrib>Grabowski, Richard ; Self, Sharmistha</creatorcontrib><description>In this paper it is hypothesized that premature deindustrialization is related to the intersectoral terms of trade between agriculture and manufacturing. Using a dualistic model it is shown that factors which raise the price of agricultural goods relative to manufactured goods slow the rate of structural change from agriculture to manufacturing. Data from a number of Southeast Asian countries is used to create a panel data set to test the hypothesis. Indeed a rise in the relative price of agricultural goods does indeed slow structural change and that on important factor raising this relative price ratio has been the elimination of policies which indirectly tax agriculture. The policy implication is that in order to avoid this unexpected consequence of policy reform government policy must be aimed at dramatically increasing productivity growth in agriculture.</description><identifier>ISSN: 0254-8372</identifier><identifier>DOI: 10.35866/caujed.2019.44.2.002</identifier><language>eng</language><publisher>Seoul: The Economic Research Institute, Chung-Ang University</publisher><subject>Agricultural production ; Agriculture ; Deindustrialization ; Developing countries ; Economic development ; Economic growth ; Economic models ; Employment ; GDP ; Globalization ; Gross Domestic Product ; Hypotheses ; LDCs ; Manufacturing ; Per capita ; Political economy ; Productivity ; Supply chains ; Terms of trade ; 경제학</subject><ispartof>Journal of Economic Development, 2019, 44(2), 174, pp.29-47</ispartof><rights>Copyright The Economic Research Institute, Chung-Ang University Jun 2019</rights><oa>free_for_read</oa><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.proquest.com/docview/2296584390/fulltextPDF?pq-origsite=primo$$EPDF$$P50$$Gproquest$$H</linktopdf><linktohtml>$$Uhttps://www.proquest.com/docview/2296584390?pq-origsite=primo$$EHTML$$P50$$Gproquest$$H</linktohtml><link.rule.ids>314,776,780,11667,27901,27902,36037,44339,74865</link.rule.ids><backlink>$$Uhttps://www.kci.go.kr/kciportal/ci/sereArticleSearch/ciSereArtiView.kci?sereArticleSearchBean.artiId=ART002487611$$DAccess content in National Research Foundation of Korea (NRF)$$Hfree_for_read</backlink></links><search><creatorcontrib>Grabowski, Richard</creatorcontrib><creatorcontrib>Self, Sharmistha</creatorcontrib><title>STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE</title><title>Journal of economic development</title><description>In this paper it is hypothesized that premature deindustrialization is related to the intersectoral terms of trade between agriculture and manufacturing. Using a dualistic model it is shown that factors which raise the price of agricultural goods relative to manufactured goods slow the rate of structural change from agriculture to manufacturing. Data from a number of Southeast Asian countries is used to create a panel data set to test the hypothesis. Indeed a rise in the relative price of agricultural goods does indeed slow structural change and that on important factor raising this relative price ratio has been the elimination of policies which indirectly tax agriculture. The policy implication is that in order to avoid this unexpected consequence of policy reform government policy must be aimed at dramatically increasing productivity growth in agriculture.</description><subject>Agricultural production</subject><subject>Agriculture</subject><subject>Deindustrialization</subject><subject>Developing countries</subject><subject>Economic development</subject><subject>Economic growth</subject><subject>Economic models</subject><subject>Employment</subject><subject>GDP</subject><subject>Globalization</subject><subject>Gross Domestic Product</subject><subject>Hypotheses</subject><subject>LDCs</subject><subject>Manufacturing</subject><subject>Per capita</subject><subject>Political economy</subject><subject>Productivity</subject><subject>Supply chains</subject><subject>Terms of trade</subject><subject>경제학</subject><issn>0254-8372</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2019</creationdate><recordtype>article</recordtype><sourceid>M0C</sourceid><recordid>eNotkF1LwzAYhXOh4Jz-BCHglReraT764V3osq0wW2lT8C6kWSrbdJ2pu_Dfm61enRfOw8vhAeAhRAFhSRQ9G33a2U2AUZgGlAY4QAhfgQnCjM4SEuMbcDsMO4QiFMbJBFS1rJpMNhVfw2zFi6WAvJhDuRIwL6SoapHJ8lz6-7WG5QLKis_FC6zLxkO8lpDXOS-geH8TVS6KTNyB605_Dvb-P6egWQiZrWbrcplnfD0zmMV4RjFGGBnU4k0YszbSOg0psalOOqNjS4wluMVIt9HGRIQZY6yhyFimY0OSyJIpeBr_Hlyn9marer295Eev9k7xSubKK2FJQj37OLJH13-f7PCjdv3JHfw8hXHqGUpS5Ck2Usb1w-Bsp45u-6XdrwqRuuhVo1511qsoVVh5veQPAm9pgg</recordid><startdate>20190601</startdate><enddate>20190601</enddate><creator>Grabowski, Richard</creator><creator>Self, Sharmistha</creator><general>The Economic Research Institute, Chung-Ang University</general><general>경제연구소</general><scope>AAYXX</scope><scope>CITATION</scope><scope>0U~</scope><scope>1-H</scope><scope>3V.</scope><scope>7RO</scope><scope>7WY</scope><scope>7WZ</scope><scope>7X5</scope><scope>7XB</scope><scope>87Z</scope><scope>8A3</scope><scope>8AI</scope><scope>8FK</scope><scope>8FL</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>AXJJW</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>BVBZV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FREBS</scope><scope>FRNLG</scope><scope>F~G</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>L.0</scope><scope>M0C</scope><scope>PHGZM</scope><scope>PHGZT</scope><scope>PKEHL</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>PRINS</scope><scope>Q9U</scope><scope>ACYCR</scope></search><sort><creationdate>20190601</creationdate><title>STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE</title><author>Grabowski, Richard ; Self, Sharmistha</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c2572-422020c0b2d175b6aa9143e9a8fca7e3ce32b20ab6dc635cccec40ce5a7c386e3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2019</creationdate><topic>Agricultural production</topic><topic>Agriculture</topic><topic>Deindustrialization</topic><topic>Developing countries</topic><topic>Economic development</topic><topic>Economic growth</topic><topic>Economic models</topic><topic>Employment</topic><topic>GDP</topic><topic>Globalization</topic><topic>Gross Domestic Product</topic><topic>Hypotheses</topic><topic>LDCs</topic><topic>Manufacturing</topic><topic>Per capita</topic><topic>Political economy</topic><topic>Productivity</topic><topic>Supply chains</topic><topic>Terms of trade</topic><topic>경제학</topic><toplevel>online_resources</toplevel><creatorcontrib>Grabowski, Richard</creatorcontrib><creatorcontrib>Self, Sharmistha</creatorcontrib><collection>CrossRef</collection><collection>Global News &amp; ABI/Inform Professional</collection><collection>Trade PRO</collection><collection>ProQuest Central (Corporate)</collection><collection>Asian Business Database</collection><collection>ABI/INFORM Collection</collection><collection>ABI/INFORM Global (PDF only)</collection><collection>Entrepreneurship Database (ProQuest)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>ABI/INFORM Global (Alumni Edition)</collection><collection>Entrepreneurship Database (Alumni Edition)</collection><collection>Asian Business Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>ABI/INFORM Collection (Alumni Edition)</collection><collection>ProQuest Central (Alumni Edition)</collection><collection>ProQuest Central UK/Ireland</collection><collection>Asian &amp; European Business Collection</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>East &amp; South Asia Database</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Asian &amp; European Business Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ABI/INFORM Global (Corporate)</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>ABI/INFORM Professional Standard</collection><collection>ABI/INFORM Global</collection><collection>ProQuest Central (New)</collection><collection>ProQuest One Academic (New)</collection><collection>ProQuest One Academic Middle East (New)</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central China</collection><collection>ProQuest Central Basic</collection><collection>Korean Citation Index</collection><jtitle>Journal of economic development</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Grabowski, Richard</au><au>Self, Sharmistha</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE</atitle><jtitle>Journal of economic development</jtitle><date>2019-06-01</date><risdate>2019</risdate><volume>44</volume><issue>2</issue><spage>29</spage><epage>47</epage><pages>29-47</pages><issn>0254-8372</issn><abstract>In this paper it is hypothesized that premature deindustrialization is related to the intersectoral terms of trade between agriculture and manufacturing. Using a dualistic model it is shown that factors which raise the price of agricultural goods relative to manufactured goods slow the rate of structural change from agriculture to manufacturing. Data from a number of Southeast Asian countries is used to create a panel data set to test the hypothesis. Indeed a rise in the relative price of agricultural goods does indeed slow structural change and that on important factor raising this relative price ratio has been the elimination of policies which indirectly tax agriculture. The policy implication is that in order to avoid this unexpected consequence of policy reform government policy must be aimed at dramatically increasing productivity growth in agriculture.</abstract><cop>Seoul</cop><pub>The Economic Research Institute, Chung-Ang University</pub><doi>10.35866/caujed.2019.44.2.002</doi><tpages>19</tpages><oa>free_for_read</oa></addata></record>
fulltext fulltext
identifier ISSN: 0254-8372
ispartof Journal of Economic Development, 2019, 44(2), 174, pp.29-47
issn 0254-8372
language eng
recordid cdi_nrf_kci_oai_kci_go_kr_ARTI_5865884
source ABI/INFORM Global; Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals; Business Source Ultimate (EBSCOHost)
subjects Agricultural production
Agriculture
Deindustrialization
Developing countries
Economic development
Economic growth
Economic models
Employment
GDP
Globalization
Gross Domestic Product
Hypotheses
LDCs
Manufacturing
Per capita
Political economy
Productivity
Supply chains
Terms of trade
경제학
title STRUCTURAL CHANGE AND THE INTERSECTORAL TERMS OF TRADE: SOUTHEAST ASIAN EXPERIENCE
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-23T17%3A31%3A58IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_nrf_k&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=STRUCTURAL%20CHANGE%20AND%20THE%20INTERSECTORAL%20TERMS%20OF%20TRADE:%20SOUTHEAST%20ASIAN%20EXPERIENCE&rft.jtitle=Journal%20of%20economic%20development&rft.au=Grabowski,%20Richard&rft.date=2019-06-01&rft.volume=44&rft.issue=2&rft.spage=29&rft.epage=47&rft.pages=29-47&rft.issn=0254-8372&rft_id=info:doi/10.35866/caujed.2019.44.2.002&rft_dat=%3Cproquest_nrf_k%3E2296584390%3C/proquest_nrf_k%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-c2572-422020c0b2d175b6aa9143e9a8fca7e3ce32b20ab6dc635cccec40ce5a7c386e3%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=2296584390&rft_id=info:pmid/&rfr_iscdi=true