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State productivity growth in agriculture: catching-up and the business cycle

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  • V. Ball
  • Carlos San-Juan-Mesonada
  • Camilo Ulloa

Abstract

This paper examines the relation between the business cycle and convergence in levels of agricultural productivity across the 48 contiguous states. First, we find evidence of convergence in total factor productivity levels across the different phases of the business cycle, but the speed of convergence was greater during periods of contraction in economic activity than during periods of expansion. Second, we find that technology embodied in capital was an important source of productivity growth in agriculture. As with the rate of catch-up, the embodiment effect was much stronger during low economic activity phases of the business cycle. Copyright Springer Science+Business Media New York (outside the USA) 2014

Suggested Citation

  • V. Ball & Carlos San-Juan-Mesonada & Camilo Ulloa, 2014. "State productivity growth in agriculture: catching-up and the business cycle," Journal of Productivity Analysis, Springer, vol. 42(3), pages 327-338, December.
    • Handle: RePEc:kap:jproda:v:42:y:2014:i:3:p:327-338
    DOI: 10.1007/s11123-013-0352-0
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    2. Andrzej Jedruchniewicz, 2021. "Business Cycle in Agriculture: The Austrian School Theory," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 690-700.
    3. Wang, S.L. & Huang, J. & Wang, X. & Tuan, F., 2018. "Convergence in China's Regional Agricultural Productivity: Catching up or Lagging Behind?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276051, International Association of Agricultural Economists.
    4. S. C. West & A. W. Mugera & R. S. Kingwell, 2022. "The choice of efficiency benchmarking metric in evaluating firm productivity and viability," Journal of Productivity Analysis, Springer, vol. 57(2), pages 193-211, April.
    5. Virgil Eldon Ball & Carlos San Juan Mesonada & Carlos Sunyer Manteiga & Kennet Ericson & Yu Sheng, 2023. "Technology catch‐up in agriculture among advanced economies," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 67(1), pages 18-37, January.
    6. Novotná, Martina & Volek, Tomáš, 2015. "Efficiency of Production Factors and Financial Performance of Agricultural Enterprises," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(4), pages 1-9, December.
    7. Binlei Gong & Robin C. Sickles, 2020. "Non-structural and structural models in productivity analysis: study of the British Isles during the 2007–2009 financial crisis," Journal of Productivity Analysis, Springer, vol. 53(2), pages 243-263, April.
    8. Jędruchniewicz, Andrzej, 2020. "Business Cycle in Agriculture in Poland," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 69(3), July.
    9. Yu Sheng & V. Eldon Ball & Kenneth Erickson & Carlos San Juan Mesonada, 2022. "Cross-country agricultural TFP convergence and capital deepening: evidence for induced innovation from 17 OECD countries," Journal of Productivity Analysis, Springer, vol. 58(2), pages 185-202, December.
    10. Wang, Sun Ling & Huang, Jikun & Wang, Xiaobing & Tuan, Francis, 2016. "China’s Regional Agricultural Productivity Growth: Catching Up or Lagging Behind," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235709, Agricultural and Applied Economics Association.

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    More about this item

    Keywords

    Agriculture; Convergence; Total factor productivity; Q1; R3; O4;
    All these keywords.

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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