By V. Eldon Ball, George W. Norton (auth.), V. Elton Ball, George W. Norton (eds.)
Agricultural productiveness: size and assets of Growth addresses dimension matters and strategies in agricultural productiveness research, utilising these strategies to lately released information units for American agriculture. the information units are used to estimate and clarify nation point productiveness and potency variations, and to check assorted ways to productiveness dimension. the increase in agricultural productiveness is the only most vital resource of monetary progress within the U.S. farm area, and the speed of productiveness development is anticipated to be greater in agriculture than within the non-farm region. it is very important comprehend productiveness assets and to degree its progress effectively, together with the consequences of environmental externalities.
Both the equipment and the knowledge should be accessed via economists on the kingdom point to behavior analyses for his or her personal states. In a feeling, even though now not explicitly, the e-book offers a advisor to utilizing the productiveness facts to be had at the site of the U.S. division of Agriculture/Economic study carrier. it may be of curiosity to a extensive spectrum of execs in academia, the govt, and the non-public area.
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Additional info for Agricultural Productivity: Measurement and Sources of Growth
Greenhouse and Nursery Products Livestock Broilers, cattle, eggs, hogs, honey, milk, sheep, turkeys, wool. Machines rented out Returns from CRP Region Name and abbreviation States within region Northeast 1 (NE1) Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. Delaware, Maryland, New Jersey, New York, and Pennsylvania. Illinois, Indiana, Iowa, Missouri, and Ohio. 1, continued Region Name and abbreviation States within region Lake states (LS) Northern plains (NP) Michigan, Minnesota, and Wisconsin.
For these composite commodities a price index based on national prices for their sub-components was constructed, to be used to deflate reported current dollar values. A somewhat questionable, but standard, choice was to use the (policy-distorted) prices paid and received by farmers as the relevant prices for aggregating inputs and outputs. As a counterpart to that decision, we included set-aside acreage within the inputs used by farmers. It is not clear to us how others have dealt with this issue.
The first is the catch-up hypothesis, which states simply that those states that lag furthest behind the technology leaders should exhibit the most rapid rates of growth in productivity. Taking each state as an observation, this hypothesis implies that the rate of growth of productivity is inversely correlated with the initial level of productivity. The second hypothesis is that technological innovation is embodied in capital and intermediate inputs. If the input measures do not fully reflect the changes in input quality, then this hypothesis suggests that the rate of growth of productivity will be positively correlated with growth of capital and intermediate inputs.
Agricultural Productivity: Measurement and Sources of Growth by V. Eldon Ball, George W. Norton (auth.), V. Elton Ball, George W. Norton (eds.)