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Can Economic Growth Be Sustained?The Collected Papers of Vernon W. Ruttan and Yujiro Hayami$
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Keijiro Otsuka and C. Ford Runge

Print publication date: 2011

Print ISBN-13: 9780199754359

Published to Oxford Scholarship Online: April 2015

DOI: 10.1093/acprof:osobl/9780199754359.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 23 January 2022

Induced Innovation Theory and Agricultural Development

Induced Innovation Theory and Agricultural Development

A Personal Account

(p.10) Chapter 2 Induced Innovation Theory and Agricultural Development
Can Economic Growth Be Sustained?

Vernon W. Ruttan

Yujiro Hayami

Oxford University Press

This chapter discusses how Vernon Ruttan and Yujiro Hayami’s research provided a consistent and effective framework for analyzing how markets, technology development, and institutional changes interact to facilitate agricultural development. Ruttan and Hayami’s research are widely recognized for farmers’ increase in agricultural production due to effective technology and institutional change, as demonstrated by the Asian Green Revolution of the 1960s. The chapter concludes with an explanation of how the induced technical change theme provided the structure needed to integrate a large body of theoretical and empirical research on agricultural development.

Keywords:   Vernon Ruttan, Yujiro Hayami, technology development, institutional changes, agricultural development, agricultural production, Asian Green Revolution

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