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Productivity and Economic Growth in U.S. Agriculture: A New Look

Author

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  • Eldon V Ball
  • Sun L Wang
  • Richard Nehring
  • Roberto Mosheim

Abstract

It is widely reported that productivity growth is the main contributor to economic growth in U.S. agriculture. This article provides estimates of economic growth since World War II and decomposes that growth into the contributions of input growth and productivity growth. The analysis is based on recently revised production accounts, now spanning the 1948–2013 period. Our findings are fully consistent with those reported in the literature; productivity growth dominates input growth as a source of economic growth in the agricultural sector.

Suggested Citation

  • Eldon V Ball & Sun L Wang & Richard Nehring & Roberto Mosheim, 2016. "Productivity and Economic Growth in U.S. Agriculture: A New Look," Applied Economic Perspectives and Policy, Agricultural and Applied Economics Association, vol. 38(1), pages 30-49.
    • Handle: RePEc:oup:apecpp:v:38:y:2016:i:1:p:30-49.
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    File URL: http://hdl.handle.net/10.1093/aepp/ppv031
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    References listed on IDEAS

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    1. John B. Penson & Dean W. Hughes & Glenn L. Nelson, 1977. "Measurement of Capacity Depreciation Based on Engineering Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(2), pages 321-329.
    2. Dale W. Jorgenson & Mun S. Ho & Kevin J. Stiroh, 2005. "Productivity, Volume 3: Information Technology and the American Growth Resurgence," MIT Press Books, The MIT Press, edition 1, volume 3, number 0262101114, December.
    3. Wang, Sun Ling & Carroll, Daniel & Nehring, Richard & McGath, Christopher, 2013. "The Shadow Value of Legal Status--A Hedonic Analysis of the Earnings of U.S. Farm Workers," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149866, Agricultural and Applied Economics Association.
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    Cited by:

    1. Malacarne, Janet Horsager & Artz, Georgeanne M. & Orazem, Peter, 2017. "Agricultural Production and Technical Change Around the World, 1961-2010," ISU General Staff Papers 201705200700001024, Iowa State University, Department of Economics.
    2. Taheripour, Farzad & Scott, Don & Hurt, Cristopher A. & Tyner, Wallace E., 2021. "Technological Progress in US Agriculture: Implications for Biofuel Production," Sustainable Agriculture Research, Canadian Center of Science and Education, vol. 10(1).
    3. Maples, Joshua G. & Lusk, Jayson L. & Peel, Derrell S., 2018. "Unintended consequences of the quest for increased efficiency in beef cattle: When bigger isn’t better," Food Policy, Elsevier, vol. 74(C), pages 65-73.
    4. Michée A. Lachaud & Boris E. Bravo‐Ureta & Carlos E. Ludena, 2022. "Economic effects of climate change on agricultural production and productivity in Latin America and the Caribbean (LAC)," Agricultural Economics, International Association of Agricultural Economists, vol. 53(2), pages 321-332, March.

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