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Accounting for growth in global agriculture

Bio-based and Applied Economics

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Field Value
 
Title Accounting for growth in global agriculture
 
Creator Fuglie, Keith; Università di Bologna
 
Subject growth accounting; technical change; total factor productivity
Q16; O13
 
Description Rising prices of agricultural commodities have renewed concerns about constraints to agricultural productivity. To assess productivity trends, total factor productivity (TFP) is generally preferred to partial productivity indexes as an indicator of technical and efficiency changes because it is more closely related to the unit costs of production. But measuring TFP is demanding of data, and developing comprehensive and comparable indexes of international agricultural TFP has been challenging. This study proposes a growth accounting approach, using FAO data on quantity changes in inputs and outputs and aggregating input changes using cost shares derived from other sources, as a consistent way of constructing agricultural TFP indexes for world agriculture. This produces aggregate growth rates for agricultural output, input and TFP at the country, regional and global levels. Results suggest that the rate of agricultural TFP growth accelerated in recent decades, especially in developing countries. Most regions of the world now rely on productivity-based growth rather than resource-based growth to raise agricultural output.
 
Publisher Bio-based and Applied Economics
Bio-based and Applied Economics
 
Contributor
 
Date 2015-10-04
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion

 
Format application/pdf
 
Identifier http://www.fupress.net/index.php/bae/article/view/17151
http://www.fupress.net/index.php/bae/article/download/17151/16749
10.13128/BAE-17151
 
Source Bio-based and Applied Economics; Vol 4, No 3 (2015): Innovation, productivity and growth: towards sustainable agri-food production; 201-234
Bio-based and Applied Economics; Vol 4, No 3 (2015): Innovation, productivity and growth: towards sustainable agri-food production; 201-234
2280-6172
2280-6180
 
Language eng
 
Relation 10.13128/BAE-17151
 
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