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Determinants of agriculture's relative decline: Thailand

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  • Martin, Will J.
  • Warr, Peter G.

Abstract

During economic development, agriculture declines as a proportion of aggregate national output. A number of theoretical explanations for this phenomenon have been advanced in the economic literature, but their relative historical significance has not been clear. This paper develops an econometric methodology to analyze this issue and applies it to time series data for Thailand. The study investigates the importance of relative commodity prices, factor endowments and technical progress as explanations for changing sectoral GDP shares of agriculture, manufacturing and services. It is concluded that the movement in Thailand's aggregate factor endowment relative to labor was the most important determinant of agriculture's relative decline.
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Suggested Citation

  • Martin, Will J. & Warr, Peter G., 1994. "Determinants of agriculture's relative decline: Thailand," Agricultural Economics, Blackwell, vol. 11(2-3), pages 219-235, December.
    • Handle: RePEc:eee:agecon:v:11:y:1994:i:2-3:p:219-235
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    Cited by:

    1. Kym Anderson & Sundar Ponnusamy, 2022. "Structural transformation away from agriculture: What role for trade?," Departmental Working Papers 2022-04, The Australian National University, Arndt-Corden Department of Economics.
    2. Punyasavatsut, Chaiyuth & Coxhead, Ian, 2002. "On the Decline of Agriculture in Developing Countries: A Reinterpretation of the Evidence," Staff Paper Series 457, University of Wisconsin, Agricultural and Applied Economics.
    3. Coxhead, Ian A., 1998. "Economic Boom, Financial Bust, And The Fate Of Thai Agriculture: Was Growth In The 1990s Too Fast?," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20791, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Kym Anderson & Sundar Ponnusamy, 2019. "Structural Transformation to Manufacturing and Services: What Role for Trade?," Asian Development Review, MIT Press, vol. 36(2), pages 32-71, September.
    5. Aboagye, Anthony Q. & Gunjal, Kisan, 2000. "An analysis of short-run response of export and domestic agriculture in sub-Saharan Africa," Agricultural Economics, Blackwell, vol. 23(1), pages 41-53, June.
    6. Coxhead, Ian & Plangpraphan, Jiraporn, 1998. "Thailand's Economic Boom and Agricultural Bust: Some Economic Questions and Policy Puzzles," Staff Papers 200600, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    7. Sun, Ling & Fulginiti, Lilyan E. & Peterson, E. Wesley F., 1999. "Technology, Factor Endowment, Prices And The Relative Decline Of Agriculture In Taiwan," 1999 Annual meeting, August 8-11, Nashville, TN 21700, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    8. Martin, Will, 2001. "A Quantitative Evaluation of Vietnam's Accession to the ASEAN Free Trade Area," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 16, pages 545-567.
    9. Kym Anderson & Sundar Ponnusamy, 2023. "Structural transformation away from agriculture in growing open economies," Agricultural Economics, International Association of Agricultural Economists, vol. 54(1), pages 62-76, January.
    10. Kym Anderson, 2022. "Structural transformation in growing open economies: Australia’s experience," Departmental Working Papers 2022-13, The Australian National University, Arndt-Corden Department of Economics.
    11. Esposti, Roberto, 2014. "On why and how agriculture declines," Structural Change and Economic Dynamics, Elsevier, vol. 31(C), pages 73-88.

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