Total Factor Productivity in Thai Agriculture Measurement and Determinants
AbstractThis paper studies total factor productivity (TFP) in Thai agriculture to provide better empirical evidence on the TFP measure and the factors influencing it. It employs time-series data at an aggregate level over the period 1970-2006 for both crops and livestock,individually, using the conventional growth accounting framework. The TFP measures are then used to investigate their determinants using the error correction modeling technique. The results confirm the general expectation from previous studies that TFP makes an important contribution to output growth and that agricultural research plays an important role in determining TFP in both the crop and livestock sectors.
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Bibliographic InfoPaper provided by Kasetsart University, Department of Agricultural and Resource Economics in its series Working Papers with number 201001.
Length: 32 pages
Date of creation: Apr 2010
Date of revision:
Publication status: Published in ARE Working Paper No. 2553/1 (April 2010)
total factor productivity; TFP decomposition; Thai agriculture;
Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- Q19 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Other
This paper has been announced in the following NEP Reports:
- NEP-AGR-2010-06-04 (Agricultural Economics)
- NEP-ALL-2010-06-04 (All new papers)
- NEP-EFF-2010-06-04 (Efficiency & Productivity)
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