Institutions and Agricultural Productivity in Mercosur
AbstractWe revisit earlier estimates of agricultural productivity in original Mercosur member countries and later associates: Argentina, Brazil, Paraguay, Uruguay, Chile, Bolivia, Colombia, Ecuador, Peru and Venezuela, for 1972-2002. We estimate a translog frontier production function and revise our earlier estimates as well as those of others that indicated declining agricultural productivity. We find that the average rate for the region was a strong 2.25 percent. All the member countries experienced positive agricultural productivity growth for the sample period with Brazil being the fastest gainer. Institutions such as investments in public health and in public agricultural R&D, as well as an economic environment conducive to trade with the rest of the world are associated to differential performance across countries.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 9669.
Date of creation: 08 Oct 2007
Date of revision:
agricultural productivity; Mercosur; institutions; stochastic frontier;
Find related papers by JEL classification:
- Q16 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - R&D; Agricultural Technology; Biofuels; Agricultural Extension Services
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
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