University of Nebraska - Lincoln DigitalCommons@University of Nebraska - Lincoln Faculty Publications: Agricultural Economics Agricultural Economics Department 1-30-2007 Accounting for Agricultural Decline with Economic Growth in Taiwan Ling Sun Providence University,
[email protected] LILYAN FULGINITI University of Nebraska,
[email protected] E. Wesley F. Peterson University of Nebraska-Lincoln,
[email protected] Follow this and additional works at: https://digitalcommons.unl.edu/ageconfacpub Part of the Agricultural and Resource Economics Commons Sun, Ling; FULGINITI, LILYAN; and Peterson, E. Wesley F., "Accounting for Agricultural Decline with Economic Growth in Taiwan" (2007). Faculty Publications: Agricultural Economics. 22. https://digitalcommons.unl.edu/ageconfacpub/22 This Article is brought to you for free and open access by the Agricultural Economics Department at DigitalCommons@University of Nebraska - Lincoln. It has been accepted for inclusion in Faculty Publications: Agricultural Economics by an authorized administrator of DigitalCommons@University of Nebraska - Lincoln. 1 May 31, 2006 Accounting for Agricultural Decline with Economic Growth in Taiwan1 Ling Sun Providence University Lilyan E. Fulginiti University of Nebraska- Lincoln E. Wesley F. Peterson University of Nebraska- Lincoln 1 A contribution of the University of Nebraska Agricultural Research Division, Lincoln, NE 68583. Journal Series No. 14412 2 Accounting for Agricultural Decline with Economic Growth in Taiwan I. Introduction Long-term economic growth has generally been associated with changes in sectoral contributions to economic output. Many authors have noted the substantial shift of labor from the agricultural sector to other economic sectors as growth proceeds (Anderson, 1987; Weisdorf, 2004; Kongsamut, et al., 2001). Lewis (1953) developed his surplus labor theory of economic development around a dual sector model with economic growth fueled by the transfer of labor from the relatively stagnant traditional agricultural sector to a modern capitalist sector.