IDEAS home Printed from https://ideas.repec.org/a/oup/ajagec/v73y1991i4p1116-1125..html
   My bibliography  Save this article

Productivity Growth in U.S. Agriculture under Dynamic Adjustment

Author

Listed:
  • Yir-Hueih Luh
  • Spiro E. Stefanou

Abstract

A dynamic measure of productivity growth adjusted for deviations from the long-run equilibrium is established within an adjustment-cost framework. An empirical application to U.S. agriculture is presented which permits identifying the dynamic linkages between technical change and productivity growth in U.S. agriculture. Total factor productivity as dynamically measured grew at 1.50% per annum. The combined effect of scale, quality-adjusted input growth, and long-run disequilibrium input use contributes only 3.44% of the growth, while technical change dominates the growth of total factor productivity.

Suggested Citation

  • Yir-Hueih Luh & Spiro E. Stefanou, 1991. "Productivity Growth in U.S. Agriculture under Dynamic Adjustment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(4), pages 1116-1125.
    • Handle: RePEc:oup:ajagec:v:73:y:1991:i:4:p:1116-1125.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.2307/1242440
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:ajagec:v:73:y:1991:i:4:p:1116-1125.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/aaeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.