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 methods in agricultural productiveness research, employing these concepts to lately released info units for American agriculture. the information units are used to estimate and clarify country point productiveness and potency alterations, and to check varied ways to productiveness size. the increase in agricultural productiveness is the one most crucial resource of financial progress within the U.S. farm zone, and the speed of productiveness development is envisioned to be larger in agriculture than within the non-farm quarter. you will need to comprehend productiveness resources and to degree its development competently, together with the consequences of environmental externalities.
Both the tools and the knowledge will be accessed via economists on the country point to behavior analyses for his or her personal states. In a feeling, even if now not explicitly, the publication presents a consultant to utilizing the productiveness facts on hand at the web site of the U.S. division of Agriculture/Economic learn carrier. it's going to be of curiosity to a vast spectrum of execs in academia, the govt, and the non-public region.
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Additional info for Agricultural Productivity: Measurement and Sources of Growth
1. Coefficients of variation of state productivity. 1990 1995 30 Agricultural Productivity in productivity growth rates. The fact that some states grew more rapidly than others and yet the cross-section dispersion decreased implies that the states that grew most rapidly were those with lower initial levels of productivity, a finding consistent with Gerschenkron's (1952) notion of the advantages of reI ative backwardness. Those states that were particularly far behind had the most to gain from the diffusion of technical information and proceeded to grow most rapidly.
1977. " American Journal ofAgricultural Economics, 59:321-29. , J. Penson, and R. Lambert. 1987. " Canadian Journal of Agricultural Economics, 35:373-78. Szulc, B. 1964. " Przeglad Statystyczny, 3:239-54. , and J. Koerts. 1972. " Econometrica, 40:793-819. S. Department of Agriculture. Agricultural Land Values Survey, annual. S. Department of Agriculture. Agricultural Prices. , annual. S. Department of Agriculture. 1979. Producer-Owned Grain Stocks. S. Department of Commerce, Bureau of the Census.
J 1'=1 W aaKRI (1 + r) -I ,is the present value of all future replacements required to maintain the productive capacity of the capital stock. Let us define F as the present value of the stream of capacity depreciation on one unit of capital according to the mortality distribution m: F= Lmd1+ r t. depreciation at timeJ_·- (11 ) and rw (i-F) C=---. (12) The real rate ofretum r in the above expression is calculated as the nominal yield on investment grade corporate bonds less the rate of inflation as measured by the implicit deflator for gross domestic product.