ARTICLE
TITLE

Decline in the share of the agricultural product: measurements and explanations

SUMMARY

The reduction of agriculture’s share of product constitutes the most important change in the structure of supply associated with income growth. This is so constant that it can be considered one of the “laws” of economics, however, in order to understand such a complex phenomenon in terms of economic development, the search for uniformity should represent only the beginning, not the conclusion of the analysis. This work focuses on the pattern of agriculture’s share, both among countries and over time, and considers the factors which determine the relative decline of the agricultural product. The author singles out the factors other than income that have contributed to the determination of systemic differences among countries in agriculture’s share in product. Then, a quantitive assessment of the factors which have caused the decline is presented. JEL: N50, O13, Q10

 Articles related

Veramika BR Sembiring,Pandapotan Na Uli Sun Siregar,Mochammad Fahlevi    

The hospitality industry is facing a series of formidable challenges today. Some of these are relatively new, such as the rise in digital commerce, the increasing influence of mobile and social media, and the general decline in brand loyalty. In today's ... see more


Jufri Sani Akbar    

Price to Book Value Ratio (PBV) is a ratio that shows the results of the comparison between the market price per share and the book value per share. This ratio is used to measure the level of stock prices whether overvalued or undervalued. The lower the ... see more


Yuana Rizky Octaviani Mandagie, Indah Masri, Widyawati Widyawati, Fitri Angger Pangestu, Adinda Atmiard Sukma    

This study aims to examine the role of security concerns in the convenience of online banking transactions, which consist of the convenience of access, the convenience of transactions, and convenience of benefits, as well as seeing the impact on banking ... see more


Arisman Arisman,Mohammad Nur Rianto Al Arif,Darwis Harahap    

The D-8 organization was established to accelerate the economies of eight developing countries that joined the OIC, but the data showed a decline in the share of the D-8 countries towards the total GDP of developing countries. Thus, this study examines w... see more

Revista: Signifikan

Martinus Robert Hutauruk    

The study aims to investigate the effect before and after the COVID-19 pandemic on the share price of LQ45 on the Indonesia Stock Exchange in 2019 and 2020. This study uses share price data from 45 companies listed in the LQ45 stock group on the Ind... see more