Reversal of fortune: immiserizing technical change in agriculture

Several recent studies have reported the possibility of immiserizing technical change in agriculture. In these studies, the interaction of government commodity policy and technical change has been shown potentially to lead to a loss of national welfare, a negative rate of return to research. The pur...

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Veröffentlicht in:American journal of agricultural economics 1995-05, Vol.77 (2), p.251-259
Hauptverfasser: Alston, J.M. (University of California, Davis.), Martin, W.J
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container_title American journal of agricultural economics
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creator Alston, J.M. (University of California, Davis.)
Martin, W.J
description Several recent studies have reported the possibility of immiserizing technical change in agriculture. In these studies, the interaction of government commodity policy and technical change has been shown potentially to lead to a loss of national welfare, a negative rate of return to research. The purpose of this paper is to tie these recent results to the earlier results of Bhagwati and Johnson on immiserizing growth (technical change), and to offer a more general condition for describing the impacts of distortions on the benefits from technical change.
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subjects Agricultural development
Agricultural economics
Agriculture
ANALISIS DE COSTOS
ANALYSE DES COUTS
CAMBIO TECNOLOGICO
CHANGEMENT TECHNOLOGIQUE
COMMERCIALISATION
Consumption
distortions
ECONOMIA
ECONOMIA DE BIENESTAR
Economic theory
ECONOMIE
ECONOMIE DU BIEN ETRE
Emerging technology
Equilibrium
Expenditures
Export subsidies
Exports
Farm exports
immiserizing technical change
International trade
INVESTIGACION
MERCADEO
MODELE MATHEMATIQUE
MODELOS MATEMATICOS
negative rates of return to research
O330
Price distortions
Prices
Public assistance programs
Q160
RECHERCHE
RELACIONES DE INTERCAMBIO
Social costs
Subsidies
Supply
Supply & demand
Supply and demand
Tariffs
Technological change
Technology
TERME DE L'ECHANGE
Terms of trade
Trade policy
title Reversal of fortune: immiserizing technical change in agriculture
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