Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture
Growth in US agriculture is linked to the non-farm economy through domestic terms of trade and factor market adjustments. With almost stable input growth, the relatively large contributions from growth in Total Factor Productivity (TFP) are off-set by declining real prices of primary farm products. The resulting net growth in value of farm output, at 0.25 % per annum, implies that the gains in TFP are shared by intermediate and final consumers of farm products. The decomposition of TFP suggests that public agricultural stock of knowledge and infrastructure are 'robustly' associated with TFP growth, while spill-overs from private agricultural and economy wide Research and Development (R&D) are positive but, relatively small.
|Date of creation:||1995|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (612) 625-1222
Fax: (612) 625-6245
Web page: http://www.apec.umn.edu/EDC.html
More information through EDIRC
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.:
- David K. Backus & Patrick J. Kehoe & Timothy J. Kehoe, 1992.
"In search of scale effects in trade and growth,"
152, Federal Reserve Bank of Minneapolis.
- Anonymous, 1994. "Evaluating Agricultural Research And Productivity In An Era Of Resource Scarcity," Staff Papers 14039, University of Minnesota, Department of Applied Economics.
- Alicia H. Munnell, 1990. "Why has productivity growth declined? Productivity and public investment," New England Economic Review, Federal Reserve Bank of Boston, issue Jan, pages 3-22.
- Paul M Romer, 1999.
"Endogenous Technological Change,"
Levine's Working Paper Archive
2135, David K. Levine.
- Jean-Paul CHAVAS & Thomas L. COX, 1994.
"A Primal-Dual Approach To Nonparametric Productivity Analysis: The Case Of U.S. Agriculture,"
372, University of Wisconsin Madison, AAE.
- Jean-Paul Chavas & Thomas L. Cox, 1994. "A Primal-Dual Approach to Nonparametric Productivity Analysis: the Case of U.S. Agriculture," Wisconsin-Madison Agricultural and Applied Economics Staff Papers 372, Wisconsin-Madison Agricultural and Applied Economics Department.
- V. Eldon Ball & Jean-Christophe Bureau & Richard Nehring & Agapi Somwaru, 1997. "Agricultural Productivity Revisited," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(4), pages 1045-1063.
- Aschauer, David Alan, 1989.
"Is public expenditure productive?,"
Journal of Monetary Economics,
Elsevier, vol. 23(2), pages 177-200, March.
- Diewart, W Erwin & Morrison, Catherine J, 1986.
"Adjusting Output and Productivity Indexes for Changes in the Terms of Trade,"
Royal Economic Society, vol. 96(383), pages 659-79, September.
- W.E. Diewert & Catherine J. Morrison, 1985. "Adjusting Output and Productivity Indexes for Changes in the Terms of Trade," NBER Working Papers 1564, National Bureau of Economic Research, Inc.
- Nancy L Stokey, 1986.
"Learning-by-Doing and the Introduction of New Goods,"
699, Northwestern University, Center for Mathematical Studies in Economics and Management Science, revised May 1987.
- Stokey, Nancy L, 1988. "Learning by Doing and the Introduction of New Goods," Journal of Political Economy, University of Chicago Press, vol. 96(4), pages 701-17, August.
- Gary Hansen, 2010.
"Indivisible Labor and the Business Cycle,"
Levine's Working Paper Archive
233, David K. Levine.
- Cooley, Thomas F & LeRoy, Stephen F, 1981. "Identification and Estimation of Money Demand," American Economic Review, American Economic Association, vol. 71(5), pages 825-44, December.
- Dan Usher, 1980. "The Measurement of Capital," NBER Books, National Bureau of Economic Research, Inc, number ushe80-1, October.
- Diewert, W. E., 1976. "Exact and superlative index numbers," Journal of Econometrics, Elsevier, vol. 4(2), pages 115-145, May.
- Gopinath, Munisamy & Roe, Terry L., 1996. "Sources Of Growth In U.S. Gdp And Economy-Wide Linkages To The Agricultural Sector," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 21(02), December.
When requesting a correction, please mention this item's handle: RePEc:ags:umedbu:7454. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.