Fixed factor models of agricultural productivity growth

Fixed factor models of agricultural productivity growth

Measures of productivity typically assume that all inputs are variable, thus ignoring the quasi-fixed nature of agricultural inputs such as farm machinery, land and structures, and self-employed labour. This paper applies recent developements in productivity growth in the presence of quasi-fixed inp...

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Veröffentlicht in:Applied economics 1993-09, Vol.25 (9), p.1187-1196
Hauptverfasser: Yee, Jet, Hauver, James H., Ball, V. Eldon
Format: Artikel
Sprache:eng
Schlagworte:
Agricultural production
Agricultural productivity
Economic models
Economic theory
Input output analysis
Production factors
Productivity
Shadow prices
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Zusammenfassung:Measures of productivity typically assume that all inputs are variable, thus ignoring the quasi-fixed nature of agricultural inputs such as farm machinery, land and structures, and self-employed labour. This paper applies recent developements in productivity growth in the presence of quasi-fixed inputs. We find that adjusting for quasi-fixity reduces absorved productivity growth in US agriculture by 19% from 1950 to 1989.
ISSN:0003-6846
1466-4283
DOI:10.1080/00036849300000180