Agriculture and Aggregation
We study the shape of the aggregate production function in the presence of land-intensive agriculture. The traditional Cobb-Douglas formulation is corrected to include a "diversification component." The implied TFP differences across countries are larger than what Solow residuals suggest.
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|Date of creation:||16 Nov 2010|
|Date of revision:|
|Publication status:||Published in Economics Letters, October 2009, vol. 105 no. 1, pp. 110-112|
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"Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis,"
diegor-03-01, University of Toronto, Department of Economics.
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- Diego Restuccia & Dennis Tao Yang & Xiaodong Zhu, 2007. "Agriculture and Aggregate Productivity: A Quantitative Cross-Country Analysis," Working Papers e07-3, Virginia Polytechnic Institute and State University, Department of Economics.
- Douglas Gollin, 2002.
"Getting Income Shares Right,"
Journal of Political Economy,
University of Chicago Press, vol. 110(2), pages 458-474, April.
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