Can Economic Growth Be Sustained?: The Collected Papers of Vernon W. Ruttan and Yujiro Hayami

by Keijiro Otsuka, C. Ford Runge

Overview

This collection of essays by Ruttan and Hayami spans their long career in the economics of technical and institutional change. At both a theoretical and empirical level, their analysis of induced innovation provides a solid foundation for understanding how and why technologies and institutions evolve in response to factors that constrain them. Can Economic Growth Be Sustained? provides a sweeping explanation of this process.

As scholars, Ruttan and Hayami's abilities and experiences complemented each other. Together, they had great success in working across contexts to integrate Western models of technological change and more holistic Asian perspectives on multi-factorial interaction. Their perspectives are wide ranging, covering large geographical areas and thoroughly examining the historical development of agriculture in the United States, Japan, and many other countries. This volume collects their most influential papers, from which much can be learned.

Product Details

ISBN-13:	9780199754359
Publisher:	Oxford University Press
Publication date:	10/18/2011
Pages:	408
Product dimensions:	6.40(w) x 9.30(h) x 1.10(d)

About the Author

Keijiro Otsuka is currently President of the International Association of Agricultural Economists. His work covers the diverse fields of development economics, including land tenancy, land rights and natural resource management, green revolution and poverty reduction, and cluster-based industrial development in both Asia and sub-Saharan Africa.

C. Ford Runge is Distinguished McKnight University Professor of Applied Economics and Law at the University of Minnesota, where he also holds appointments in the Hubert H. Humphrey Institute of Public Affairs and the Department of Forest Resources. He is a member of the faculty in Conservation Biology and a Fellow of the University of Minnesota Institute on the Environment.

Table of Contents

INTRODUCTION

Chapter 1: Keijiro Otsuka, "The Contributions of Ruttan and Hayami"
Chapter 2: Vernon W. Ruttan and Yujiro Hayami, "Induced Innovation Theory and Agricultural Development: A Personal Account." In Bruce M. Koppel (ed.), Induced Innovation Theory and International Agricultural Development: A Reassessment 22-36, Baltimore, MD: Johns Hopkins University Press, 1995.

PRODUCTIVITY GROWTH IN AGRICULTURE

Chapter 3: Vernon W. Ruttan, "The Contribution of Technical Progress to Farm Output, 1950-1975," Review of Economics and Statistics 38 (February 1956): 61-69.
Chapter 4: Yujiro Hayami and Vernon W. Ruttan, "Agricultural Productivity Differences Among Countries," American Economic Review 60 (December 1970): 895-911.

TECHNICAL CHANGE AND AGRICULTURAL DEVELOPMENT IN ASIA

Chapter 5: Yujiro Hayami and Vernon W. Ruttan, "Korean Rice, Taiwan Rice, and Japanese Agricultural Stagnation: An Economic Consequence of Colonization," Quarterly Journal of Economics 84 (November 1970): 562-589.
Chapter 6: S. C. Hsieh and Vernon W. Ruttan, "Environmental, Technological, and Institutional Factors in the Growth of Rice Production: Philippines, Thailand and Taiwan," Food Research Institute Studies 7 (1967): 307-341.
Chapter 7: Vernon W. Ruttan, "Controversy about Agricultural Technology: Lessons from the Green Revolution," International Journal of Biotechnology 6 (2004): 43-54.
Chapter 8: Yujiro Hayami, "The Peasant in Economic Modernization," American Journal of Agricultural Economics 78 (December 1996): 36-53.
Chapter 9: Yujiro Hayami, "Ecology, History and Development: A Perspective from Rural Southeast Asia," World Bank Research Observer 16 (Fall 2001): 169-198.

INDUCED TECHNICAL AND INSTITUTIONAL CHANGE

Chapter 10: Yujiro Hayami and Vernon W. Ruttan, "Factor Prices and Technical Change in Agricultural Development: The United States and Japan, 1880-1960" Journal of Political Economy 78 (September/October 1970): 1115-141.
Chapter 11: Vernon W. Ruttan, "Social Science Knowledge and Institutional Change," American Journal of Agricultural Economics 66 (December 1984): 549-559.
Chapter 12: Vernon W. Ruttan and Yujiro Hayami, "Toward a Theory of Induced Institutional innovation," Journal of Development Studies 20 (July 1984): 203-223.

V. PERSPECTIVES

Chapter 13: Vernon W. Ruttan, "The Transition to Agricultural Sustainability," Proceedings of the National Academy of Sciences 96 (May 1999): 5960-5967.
Chapter 14: Vernon W. Ruttan, "The New Growth Theory and Development Economics," Journal of Development Studies 35 (December 1988): 1-26.
Chapter 15: Yujiro Hayami, "An Emerging Agricultural Problem in High-Performing Asian Economies." Presidential Address to the 5th Conference of the Asian Society of Agricultural Economists, Zahedan, Iran, August 29-31, 2005.
Chapter 16: Vernon W. Ruttan, "Induced Technical Change, Induced Institutional Change and Mechanism Design." Paper prepared for presentation at the 10th International Workshop on Institutional Economics, Institutions, Technology and Their Roles in Economic Growth, University of Hertfordshire, United Kingdom, June 17-18, 2008 (also published as Staff Paper Series, Department of Applied Economics, University of Minnesota)

Editorial Reviews

"Yujiro Hayami and Vernon Ruttan were two of the pioneering figures in development economics. This collection of papers traces their work across half a century of engagement with the problems and puzzles of agricultural development. This thoughtful volume brings together some of their best-known individual and collaborative writings, but it also includes a number of papers that were never widely disseminated."—Douglas Gollin, Professor of Economics, Williams College

"The extraordinary scholarship of Professors Ruttan and Hayami has left us with a rich empirically tested body of theory aimed at explaining technical and institutional innovations and their contributions to agricultural development and economic growth. The recent resurgence of interest in institutional economics, and the globalization of concerns over natural resources and the environment, make the papers in this volume just as relevant to today's scholars and policy communities as when they were first written."—Kym Anderson, George Gollin Professor of Economics, University of Adelaide, Australia

"The works of Yujiro Hayami and Vernon Ruttan, particularly their induced innovation thesis, have been one of the most influential paradigms during the past decades and continue to profoundly shape and reshape our current thinking on economic growth, international development, technical and institutional change and more recently economic history. This volume, edited by two of their close associates with personalized introductory chapters, brings together their best and classic papers as well as previously unpublished papers."—Debin Ma, Lecturer of Economic History, London School of Economics

"As a long-term fan of the work of Vernon Ruttan and Yujiro Hayami, I am delighted with the publication of their collected papers. They both had the personal experience and academic training to address the difficult question of how to sustain agricultural productivity. This is a book for the ages."—Elinor Ostrom, Senior Research Director at the Workshop in Political Theory and Policy Analysis, Indiana University; Nobel Laureate in Economic Sciences, 2009

"Hayami and Ruttan's induced innovation model stands as a unique landmark in the existing studies on technological change and economic development over the past several decades. These collected papers provide stunningly comprehensive views on development and growth, integrating micro-level studies on incentives, market forces, and institutional changes, with aggregate-level economic analyses in an international perspective."—Yasuyuki Sawada, Associate Professor of Economics, University of Tokyo

"The papers collected in this book are seminal contributions of Vernon Ruttan and Yujiro Hayami, two giants in the history of development thinking, to the understanding of their mechanism and core functions of technological innovation and institutional change in development process. The book is must reading for development scholars and policy makers who are concerned about the issues of promoting agricultural growth and reducing poverty in developing countries."—Justin Yifu Lin, Chief Economist, The World Bank

From the Publisher