Seasonality, capital inflexibility, and the industrialization of animal production
Among prominent recognized features of the industrialization of animal production over the past half century are growth in the stock of inflexible, or use-dedicated capital, as an input in production, and growth in productivity. Less recognized is a trend toward aseasonal production. We record the deseasonalization of animal production in the US and European countries over the past 70 years. We also suggest that A) lower seasonality can precede or Granger-cause increased productivity due to increased capital intensity, and B) productivity improvements can Granger-cause lower seasonality. Process A) should be more likely earlier in the industrialization process. For US dairy production, our empirical tests find some evidence that process A) operated early in the 20th Century while process B) operated in more recent times.
|Date of creation:||2004|
|Date of revision:|
|Contact details of provider:|| Postal: Olshausenstraße 40, 24098 Kiel|
Phone: +49 (0) 431 880 4425
Fax: +49 (0) 431 880 7308
Web page: http://www.food-econ.uni-kiel.de/
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.:
- Oya S. Erdogdu & David Hennessy, 2003. "Industralization of Animal Agriculture," Microeconomics 0309005, EconWPA.
- Chen, Been-Lon & Shimomura, Koji, 1998. "Self-Fulfilling Expectations and Economic Growth: A Model of Technology Adoption and Industrialization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 151-70, February.
When requesting a correction, please mention this item's handle: RePEc:zbw:caufew:0401. 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: (ZBW - German National Library of Economics)
If references are entirely missing, you can add them using this form.