How Greece Developed its Agriculture, 1947-67 /

By:

Myrick, D. C

Contributor(s):

Material type: Text

TextSeries: USDA Foreign Agricultural Economic Report., 67Publication details: Washington : Economic Research Service, U.S. Dept. of Agriculture; for sale by the Supt. of Docs., U.S. Govt. Print. Off., 1971.Description: xii, 132 pSubject(s):

DDC classification:

338.1'09495 FAE

LOC classification:

HD1411 .F59 no. 67

Online resources:

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Summary: From 1947 to 1967, the agricultural output of Greece grew at a compound annual rate of 4.9 percent, meeting the needs of increased population and rising levels of living, accomplishing import substitution, and increasing exports. With little opportunity to expand agricultural land, Greece achieved most of the growth from intensification. The proportion of capital to all inputs increased from 19.5 to 38.3 percent, and the proportion of cropland irrigated, from 7 to almost 17 percent. Improved technology was developed and widely disseminated. A favorable economic environment was provided by price supports, bonuses, and subsidies, which -- together with investment support -- involved substantial capital and income transfers from the general economy. Massive external assistance through 1952, and at reduced levels until 1965, was a major factor in growth of the Greek economy. Population grew at only 0.8 percent, but the proportion of population in agriculture was high, about 50 percent. Labor productivity in agriculture was low, as reflected by the proportion of gross domestic product originating in the agricultural sector, yet the rest of the economy was not able to provide alternative economic opportunity.

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Holdings
Item type	Current library	Collection	Call number	Copy number	Status	Date due	Barcode
Monograph & others	CBN HQ Library General Stacks	Non-fiction	338.1'094 HOW (Browse shelf(Opens below))	c.1	Available		31008100031737

Bibliography: p. 129-132.

From 1947 to 1967, the agricultural output of Greece grew at a compound annual rate of 4.9 percent, meeting the needs of increased population and rising levels of living, accomplishing import substitution, and increasing exports. With little opportunity to expand agricultural land, Greece achieved most of the growth from intensification. The proportion of capital to all inputs increased from 19.5 to 38.3 percent, and the proportion of cropland irrigated, from 7 to almost 17 percent. Improved technology was developed and widely disseminated. A favorable economic environment was provided by price supports, bonuses, and subsidies, which -- together with investment support -- involved substantial capital and income transfers from the general economy. Massive external assistance through 1952, and at reduced levels until 1965, was a major factor in growth of the Greek economy. Population grew at only 0.8 percent, but the proportion of population in agriculture was high, about 50 percent. Labor productivity in agriculture was low, as reflected by the proportion of gross domestic product originating in the agricultural sector, yet the rest of the economy was not able to provide alternative economic opportunity.

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