Article citationsMore>>

Pray. C.E. and Fuglie, K.O. (2001) Private Investment in Agricultural Research and International Technology Transfer in Asia. Agricultural Economics Report No. 805, US Department of Agriculture, Washington DC.

has been cited by the following article:

• TITLE: Work and Income Sharing in a Rural Economy: Effect on Economic Growth and Welfare

  AUTHORS: Nobuyuki Iwai, Stanley R. Thompson

  KEYWORDS: Work and Income Sharing, Rural Economy, Endogenous Growth Model, Welfare in Developing Countries, Technology Adaptation

  JOURNAL NAME: Theoretical Economics Letters, Vol.4 No.6, June 13, 2014

  ABSTRACT: An endogenous growth model is developed to explore the effect of work and income sharing (WIS) on economic growth and welfare in a developing rural economy. The practice of WIS is a mechanism which converts incremental diversity of risk into volatility reduction and overall welfare gain. However, the effect on economic growth is sector specific. WIS in the intermediate goods sector has a pro-growth effect through higher investment returns while in the agricultural sector it has an anti-growth effect through lower precautionary savings. WIS also decreases the level of regional government subsidies needed to achieve the optimal growth rate.