Question

What is labour force move from agriculture to non agricultural sectors with economic development

Answer 1

. It focuses on the effects of productivity growth in agriculture and industry, and of increases in the supply of land (safety-valve theory). A two-sector general equilibrium model is used in the analysis. Many of the results hinge on whether the economy is assumed to be open or closed to foreign trade. In order to determine the appropriate specification, each issue is analyzed in terms of its equivalent counterfactual-conditional proposition. An important conclusion is that increases in agricultural productivity and the level of supply of land likely reduced the proportion of workers in agriculture even though the United States economy was open.


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