Productivity and international competitiveness of agriculture in the European Union and the United States
AbstractThis study looks at international competitiveness of agriculture in the European Union and the United States. The most intuitive concept is that of price competitiveness.We calculate relative prices for 11 member states of the European Union and the United States for the period 1973–2002. We assume that markets are perfectly competitive and in long-run equilibrium, so that the observed price always equals average total cost, as measured by the cost dual to the production function. This assumption is used in our calculation of relative competitiveness and productivity gaps between the European Union and the United States and in our decomposition of relative price movements between changes in relative input prices and changes in relative productivity levels
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Bibliographic InfoPaper provided by Universidad Carlos III de Madrid in its series Open Access publications from Universidad Carlos III de Madrid with number info:hdl:10016/15898.
Length: 629 p.
Date of creation: Nov 2010
Date of revision:
Publication status: Published in Agricultural Economics (2010-11) v.v. 41, p.611-627
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Web page: http://www.uc3m.es
Agriculture; International competitiveness; Relative output and input prices; Relative productivity levels; European Union; United States;
Other versions of this item:
- V. Eldon Ball & Jean‐Pierre Butault & Carlos San Juan & Ricardo Mora, 2010. "Productivity and international competitiveness of agriculture in the European Union and the United States," Agricultural Economics, International Association of Agricultural Economists, vol. 41(6), pages 611-627, November.
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
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