Agriculture and Sectoral Inter-linkage in Times of Globalization-A Critical Evaluation |
Author(s): |
| Abhigayan Adhikary , St. Xaviers College, Kolkata; Priyanka Mazumder, St. Xaviers College, Kolkata ; Amrita Basu, St. Xaviers College, Kolkata ; Dipanjan Mitra, St. Xaviers College, Kolkata |
Keywords: |
| Open Economy, Dual Economy, Sectoral Inter-linkage, Demand Determined Industrial Sector, Perfectly Competitive Agricultural Sector |
Abstract |
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The aim of this paper is to describe a static, dual economic model which is open at the same time. We attempt to explain the nature of sectoral inter-linkage in a dual economy in light of globalization and liberalization and put forward a simple framework discussing agricultural-industrial inter-linkage in an open economy. We have considered the situation where the industrial production is demand driven and food prices adjust to clear the market. The main objective of the paper is to show that better performance of the agricultural sector has a strong positive effect in generating growth and employment in the industrial sector. JEL CLASSIFICATION:F41, J23, L13, Q01, Q02 |
Other Details |
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Paper ID: IJSRDV7I60269 Published in: Volume : 7, Issue : 6 Publication Date: 01/09/2019 Page(s): 584-588 |
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