@article{Anderson:172042, recid = {172042}, author = {Anderson, Kym}, title = {On Why Agriculture Declines with Economic Growth}, journal = {Agricultural Economics: The Journal of the International Association of Agricultural Economists}, address = {1987-10}, number = {968-2016-75638}, pages = {14}, year = {1987}, abstract = {When economic growth is characterised by a slow rise in the demand for food and rapid growth in farm relative to non-farm productivity, it is understandable that agriculture in a closed economy declines in relative terms as that economy develops. But why should agriculture decline in virtually all open growing economies as well, including those able to retain a comparative advantage in agricultural products? A key part of the answer is that the demand for non-tradable goods . tends to be inc.o me elastic, so resources are diverted to their production even m open economies.}, url = {http://ageconsearch.umn.edu/record/172042}, doi = {https://doi.org/10.22004/ag.econ.172042}, }