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Can Economic Growth Be Sustained?:

The Collected Papers of Vernon W. Ruttan and Yujiro Hayami

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.

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.

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)

416 pages, Hardcover