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Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture

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  • Munisamy, Gopinath
  • Roe, Terry L.

Abstract

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.

Suggested Citation

  • Munisamy, Gopinath & Roe, Terry L., 1995. "Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture," Bulletins 7454, University of Minnesota, Economic Development Center.
  • Handle: RePEc:ags:umedbu:7454
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    Cited by:

    1. Govindan, Kumaresan & Gopinath, Munisamy & Roe, Terry L., 1996. "Growth accounting, supply response and factor returns in general equilibrium: The case of Indonesia," Journal of Asian Economics, Elsevier, vol. 7(1), pages 77-95.
    2. Jahan, Nilufar & Smith, Perry & Rodriguez, Gil, 2002. "An analysis of the growth of the Australian dairy and meat processing industries," 2002 Conference (46th), February 13-15, 2002, Canberra 125113, Australian Agricultural and Resource Economics Society.
    3. Jahan, Nilufar & Smith, Perry & Rodriguez, Gil, 2003. "An analysis of the growth of the Australian dairy and meat processing sectors," Australasian Agribusiness Review, University of Melbourne, Melbourne School of Land and Environment, vol. 11.
    4. Shane, Mathew & Roe, Terry L. & Gopinath, Munisamy, 1998. "U.S. Agricultural Growth and Productivity: An Economywide Perspective," Agricultural Economics Reports 34047, United States Department of Agriculture, Economic Research Service.
    5. Ahearn, Mary Clare & Yee, Jet & Huffman, Wallace E., 2002. "The Impact Of Government Policies On Agricultural Productivity And Structure: Preliminary Results," 2002 Annual meeting, July 28-31, Long Beach, CA 19865, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Gopinath, Munisamy & Arnade, Carlos & Shane, Mathew & Roe, Terry, 1997. "Agricultural competitiveness: The case of the United States and major EU countries," Agricultural Economics, Blackwell, vol. 16(2), pages 99-109, May.
    7. Alves, Lucilio Rogerio Aparecido & Barros, Geraldo Sant'Ana de Camargo & Piedade Bacchi, Mirian Rumenos, 2008. "Produção e Exportação de Algodão: Efeitos de Choques de Oferta e de Demanda," Revista Brasileira de Economia - RBE, FGV/EPGE - Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil), vol. 62(4), December.
    8. Ahearn, Mary Clare & Yee, Jet & Ball, V. Eldon & Nehring, Richard F., 1998. "Agricultural Productivity in the United States," Agricultural Information Bulletins 33687, United States Department of Agriculture, Economic Research Service.
    9. Colby, Hunter & Diao, Xinshen & Somwaru, Agapi, 1999. "Sources Of Growth And Supply Response: A Cross-Commodity Analysis Of China'S Grain Sector," Bulletins 12985, University of Minnesota, Economic Development Center.
    10. Munisamy, Gopinath & Roe, Terry L., 1995. "General Equilibrium Analysis of Supply and Factor Returns in U.S. Agriculture, 1949-91," Bulletins 7516, University of Minnesota, Economic Development Center.
    11. Roe, Terry L. & Mohtadi, Hamid, 1999. "International Trade And Growth: An Overview From The Perspective Of The New Growth Theory," 1999 Annual meeting, August 8-11, Nashville, TN 21536, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    12. Jansik, Csaba & Irz, Xavier, 2014. "Dairy farm productivity in Northern Europe," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 182712, European Association of Agricultural Economists.
    13. Roe, Terry L., 2003. "Markets, Trade And The Role Of Institutions In African Development," Conference Papers 28069, University of the Free State, Department of Agricultural Economics.
    14. Pederson, Glenn D. & Khitarishvili, Tamar, 2001. "Trade And Macroeconomic Policy: What Does It Mean For Farmers And Lenders?," Agricultural Outlook Forum 2001 33081, United States Department of Agriculture, Agricultural Outlook Forum.
    15. Esposti, Roberto, 2008. "Why Should Regional Agricultural Productivity Growth Converge? Evidence from Italian Regions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43955, European Association of Agricultural Economists.

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