A three-factor agricultural production function: The case of Canada
AbstractThis paper estimates a constant returns to scale agricultural production function with just threeinputs: land, labour and capital -the basic factors of production. It uses the shares approach thatSolow used in 1957 and very disaggregated Canadian data. A constant returns to scale function ofthe three basic factors of production is a useful tool for macroeconomic, and growth anddevelopment studies. The main results of this paper are that, first, in Canada agriculture is lesslabour intensive than both services and industry, but capital intensity is similar in the threesectors. Second, the share of land in value added is estimated to be 16% Third, total factorproductivity growth in Canada has been roughly the same -0'3%- in agriculture and manufacturesover the period 1971-91.
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Bibliographic InfoPaper provided by Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie) in its series Working Papers. Serie AD with number 1997-12.
Length: 2 pages
Date of creation: Apr 1997
Date of revision:
Publication status: Published by Ivie
Constant returns to scale; land; total factor productivity growth;
Other versions of this item:
- Cristina Echevarria, 1998. "A Three-Factor Agricultural Production Function: The Case of Canada," International Economic Journal, Taylor & Francis Journals, vol. 12(3), pages 63-75.
- Cristina Echevarria, 2005. "A Three Factor Agricultural Production Function: The Case of Canada," Microeconomics 0510011, EconWPA.
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
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