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Federal Reserve Bank of St. Louis: 'On the Transition to Sustained Growth: The Importance of Recent Agricultural Employment'
June 24, 2025
ST. LOUIS, Missouri, June 24 (TNSLrpt) -- The seemingly simple decline in agricultural employment can accurately pinpoint when nations transition from economic stagnation to sustained growth, a new study from the Federal Reserve Bank of St. Louis suggests. This approach allows researchers to estimate the onset of modern economic growth without relying on historical GDP data, which is often scarce for developing nations.

In their working paper, "On the Transition to Sustained Gr . . .

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