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A Chronological Study of Total Factor Productivity and Agricultural Growth in U.S. Agriculture

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  • Dutta, Ritwik
  • Saghaian, Syed

Abstract

This paper estimates the Total Factor Productivity (TFP) index for the U.S. agricultural sector from the period 1970 to 2004 and decomposes the resulting TFP estimation in the Trans-logarithmic production function for U.S. agriculture for the same period to determine the residual measure that explains variation in output aside from land, labor and capital inputs. The objective is to identify the major sources of agricultural productivity in the U.S. from the period mentioned and furthermore estimate the residual in the production function that the Neoclassical production function does not explicitly explain.The results indicate a collective contribution of intermediate inputs such as pesticides use and energy inputs and infrastructural development spending such as overall federal disbursement on highway on TFP and consequently on agricultural output growth for the time period under consideration.

Suggested Citation

  • Dutta, Ritwik & Saghaian, Syed, 2015. "A Chronological Study of Total Factor Productivity and Agricultural Growth in U.S. Agriculture," 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia 196953, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea15:196953
    DOI: 10.22004/ag.econ.196953
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    References listed on IDEAS

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    1. D. W. Jorgenson & Z. Griliches, 1967. "The Explanation of Productivity Change," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 34(3), pages 249-283.
    2. Wang, Sun Ling & Heisey, Paul & Schimmelpfennig, David & Ball, Eldon, 2015. "Agricultural Productivity Growth in the United States: Measurement, Trends, and Drivers," Economic Research Report 207954, United States Department of Agriculture, Economic Research Service.
    3. O'Donoghue, Erik J. & Hoppe, robert A. & Banker, David E. & Ebel, Robert & Fuglie, Keith & Korb, Penni & Livingston, Michael & Nickerson, Cynthia & Sandretto, Carmen, 2011. "The Changing Organization of U.S. Farming," Economic Information Bulletin 291938, United States Department of Agriculture, Economic Research Service.
    4. Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
    5. Eldon Ball & David Schimmelpfennig & Sun Ling Wang, 2013. "Is U.S. Agricultural Productivity Growth Slowing?," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 35(3), pages 435-450.
    6. White, T. Kirk & Hoppe, Robert A., 2012. "Changing Farm Structure and the Distribution of Farm Payments and Federal Crop Insurance," Economic Information Bulletin 120309, United States Department of Agriculture, Economic Research Service.
    7. Evenson, Robert E. & Pray, Carl E. & Rosegrant, Mark W., 1999. "Agricultural research and productivity growth in India:," Research reports 109, International Food Policy Research Institute (IFPRI).
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    More about this item

    Keywords

    Food Security and Poverty; Production Economics; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies;
    All these keywords.

    JEL classification:

    • Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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