A Three Factor Agricultural Production Function: The Case of Canada
AbstractThis paper estimates a constant returns to scale agricultural production function of the three basic factors of production. Such a function is a useful tool for macroeconomic, growth, and development studies. It uses the shares approach that Solow used in 1957 and very disaggregated Canadian data. The main results of this paper are that first, in Canada, agriculture is less labour intensive than both services and industry, but capital intensity is similar in the three sectors. Second, the share of land in value added is estimated to be 16%. Third, total factor productivity growth in Canada has been roughly the same--0.3%--in agriculture and manufactures over the period 1971-91.
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Bibliographic InfoPaper provided by EconWPA in its series Microeconomics with number 0510011.
Length: 13 pages
Date of creation: 20 Oct 2005
Date of revision:
Note: Type of Document - pdf; pages: 13
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agricultural economics; agriculture production function; macroeconomics;
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, 1997. "A three-factor agricultural production function: The case of Canada," Working Papers. Serie AD 1997-12, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- D1 - Microeconomics - - Household Behavior
- D2 - Microeconomics - - Production and Organizations
- D3 - Microeconomics - - Distribution
- D4 - Microeconomics - - Market Structure and Pricing
This paper has been announced in the following NEP Reports:
- NEP-AGR-2005-10-22 (Agricultural Economics)
- NEP-ALL-2005-10-22 (All new papers)
- NEP-EFF-2005-10-22 (Efficiency & Productivity)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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