More dates

Payment plans

How does it work?

  • Reserve your order today and pay over time in regular, automatic payments.
  • You’ll receive your tickets and items once the final payment is complete.
  • No credit checks or third-party accounts - just simple, secure, automatic payments using your saved card.

The Green Revolution, Structural Transformation, and Economic Development via Market Mechanisms

Share
Miller Theatre, Old Canberra House, 73 Lennox Crossing ACT 2600 Australia
Add to calendar

Tue, 9 Sep, 1pm - 2:15pm AEST

Event description

This paper explores the role of market mechanisms and price adjustments in structural transformation and economic development, focusing on the Green Revolution. Using theoretical insights on equilibrium market prices, we employ shift-share (Bartik) instrumental variables to address endogeneity in relative prices. Empirical results show that while the Green Revolution enhanced agricultural productivity, lowered crop prices, and shifted labor to non-agriculture, market imperfections and price distortions exacerbated misallocation—measured by the Price-Based Misallocation (PBM) index—diminishing its overall benefits. Realizing the Green Revolution’s full potential requires well-functioning market mechanisms, highlighting the need for institutional reforms and targeted policies to correct inefficiencies and optimize agricultural innovation gains.

Powered by

Tickets for good, not greed Humanitix dedicates 100% of profits from booking fees to charity

Miller Theatre, Old Canberra House, 73 Lennox Crossing ACT 2600 Australia