Long-run Structural and Productivity Change in U.s. Agriculture: Effects of Prices and Policies
نویسندگان
چکیده
Long-Run Structural and Productivity Change in U.S. Agriculture: Effects of Prices and Policies by Wallace E. Huffman and Robert E. Evenson This paper presents (1) a conceptual framework for structural change when farms may be multiproduct or specialized and (2) an econometrics examination of causes of structural and total factor productivity (TFP) change for U.S. agriculture. Farm size, farm specialization, and part-time farming are the structural dimension emphasized, and they become potential channels to TFP change. Using state aggregate data starting in 1950, we conclude that input prices, public and private research, public extension, and government commodity programs have directly and indirectly caused change in U.S. farm structure and TFP. Our results suggest that changes in farm size, however, have been dominated by input price changes rather than by technology or government programs.
منابع مشابه
Monetary Policies, Exchange Rate Pass-through and Prices in Asian Economies: A Long and Short-run Analysis
Abstract T he financial crisis in 2007-2008 has turned into the most far-reaching international financial and economic crisis since the Great Depression. Indeed, the crisis-affected Asian countries experienced varying degrees of changes in the exchange rate and prices following an initial shock of sharp depreciation of their currencies in the second half of 1997. Moreover,...
متن کاملInvestigating the Effect of Structural Changes and Trade Liberalization on Total Factor Productivity in Iran (1991-2018)
Structural change plays an important role in developing any economy, so understanding it is critical to make policies that increase total factor productivity. The structural change that leads to an efficient resource allocation after trade reforms is desirable; the key factor that can affect the relation of "structural change and trade liberalization" with productivity is the quality of institu...
متن کاملAn Analysis of the Relationship between Monetary-Exchange Rate Policies and the public Debt and Theirs Effects on Inflation and Economic Growth in Iran
Governments attempt to achieve the goals of low inflation rate and sustainable economic growth rate. The objective of this study is to analyze the roles of determinants such as the liquidity of money, weighted average of interest (profit) rate on banking deposits, exchange rate and the public debt on inflation and economic growth in Iran, using the quarterly data during the period of 1989-2008...
متن کاملInvestigating the long-term relationship between health expenditure and labor productivity in Iran
Background and aims: Growth of labor productivity is one of the most important factors of development and competitiveness of the economy. In targeting economic growth, a significant contribution is being made to improve productivity. Labor productivity in a community has several socio-economic dimensions. Since labor productivity reflects the level of production and performance of people in the...
متن کاملTesting for a New Economy in the 1990s
This paper examines how much structural change there was in the U.S. economy in the last half of the 1990s. The results are consistent with the hypothesis that there was only one major structural change, namely the huge increase in stock prices relative to earnings. All other large changes can be explained by this change. There is no obvious reason for the large increase in stock prices relativ...
متن کامل