Estimating Total Factor Productivity of Agricultural Sector Based on Firm-Level Accounting Data
نویسندگان
چکیده
In this paper, we present a method to estimatethe productivity development of the Czech agricultural sector. While traditional productivity measures are based on macroeconomic data, we use individual accounting data of firms and determine the productivity development using the Fisher total factor productivity index. The results suggest that the development of agricultural sector is not highly sensitive to the overall economic development, which corresponds to the fact that agriculture depends more on the changing natural conditions and foreign demand. Key-Words: Total Factor Productivity, Agriculture, Productivity, Index Analysis, Accounting
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