the modern sector and traditional agriculture on marginal land. …

Developing countries employ a very large share of their workforce in agriculture, a sector in which their labor … productivity is particularly low. We take a macroeconomic approach to analyze the role of agriculture in development. We construct … dramatically relative to labor prices; concurrently, capital and intermediate input use in agriculture increases by a factor of 300 …

indicators of progress in development, are inexorable urbanization and inexorable formalization. Urbanization is indeed happening … development analysis and development policy. Is the link between urbanization and formalization more complex than what had been … informality. The second core section turns to processes of urbanization and asks how these processes intersect with and interact …