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Simulating a developing economy with modernizing agricultural sector implications for employment and economic growth
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Simulating a developing economy with modernizing agricultural sector implications for employment and economic growth
This paper estimates the simulation model presented in the earlier paper entitled, "Modernizing Agriculture, Employment and Economic Growth - A Simulation Model," by Mellor and Mudahar.
Mellor, John W.; Mudahar, Mohinder S. · 1970
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Abstract
The simulation model emphasizes the effect of economic growth and on employment of varying assumptions with respect to foodgrains production, the distribution of resultant income and the consequent structure of demand. The model is estimated by using Indian data. The results indicate that the foodgrains (wages goods) supply serves as an effective constraint for increasing employment in the economy. The devised demand effects of different income distribution patterns provides important growth linkages between sectoral outputs and employment patterns.
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