Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function
The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemen...
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| Format: | Policy Research Working Paper |
| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2008/02/9041917/heterogeneous-technology-panel-data-case-agricultural-production-function http://hdl.handle.net/10986/6595 |
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okr-10986-65952021-04-23T14:02:31Z Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function Mundlak, Yair Butzer, Rita Larson, Donald F. ACCOUNTING AGGREGATE PRODUCTION FUNCTION AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL TECHNOLOGY AGRICULTURE AVERAGE ANNUAL GROWTH AVERAGE PRODUCTIVITY CAPITAL INVESTMENT CAPITAL STOCK CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMPETITIVE ECONOMY CONSTANT RETURNS CONSTANT RETURNS TO SCALE COVARIANCE MATRICES CROPS DATA ANALYSIS DEVELOPMENT ECONOMICS E-MAIL E-MAIL ADDRESS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC PROGRESS ECONOMIC THEORY ELASTICITY ELASTICITY OF SUBSTITUTION EQUATIONS EQUIPMENT EXCHANGE RATES EXOGENOUS VARIABLES EXTENSION FACTOR ACCUMULATION FACTOR DEMAND FACTOR MARKETS FACTORS OF PRODUCTION FERTILIZERS FOOD PRODUCTION GDP GDP DEFLATOR GROWTH MODELS GROWTH RATE GROWTH RATES GROWTH THEORY HUMAN CAPITAL INCOME INFLATION INSPECTION INTEGRATION INVESTMENT IN AGRICULTURAL RESEARCH LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LDCS LEVEL OF TECHNOLOGY LIVESTOCK The paper presents empirical analysis of a panel of countries to estimate an agricultural production function using a measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where implemented technology is chosen jointly with inputs to interpret information obtained in the empirical analysis of panel data. The paper discusses the scope for replacing country and time effects by observed variables and the limitations of instrumental variables. The empirical results differ from those reported in the literature for cross-country studies, largely in augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth. Most of the remaining gains stem from large inflows of fixed capital into agriculture. The results also suggest possible constraints to fertilizer use. 2012-05-29T19:15:58Z 2012-05-29T19:15:58Z 2008-02 http://documents.worldbank.org/curated/en/2008/02/9041917/heterogeneous-technology-panel-data-case-agricultural-production-function http://hdl.handle.net/10986/6595 English Policy Research Working Paper; No. 4536 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCOUNTING AGGREGATE PRODUCTION FUNCTION AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL TECHNOLOGY AGRICULTURE AVERAGE ANNUAL GROWTH AVERAGE PRODUCTIVITY CAPITAL INVESTMENT CAPITAL STOCK CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMPETITIVE ECONOMY CONSTANT RETURNS CONSTANT RETURNS TO SCALE COVARIANCE MATRICES CROPS DATA ANALYSIS DEVELOPMENT ECONOMICS E-MAIL ADDRESS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC PROGRESS ECONOMIC THEORY ELASTICITY ELASTICITY OF SUBSTITUTION EQUATIONS EQUIPMENT EXCHANGE RATES EXOGENOUS VARIABLES EXTENSION FACTOR ACCUMULATION FACTOR DEMAND FACTOR MARKETS FACTORS OF PRODUCTION FERTILIZERS FOOD PRODUCTION GDP GDP DEFLATOR GROWTH MODELS GROWTH RATE GROWTH RATES GROWTH THEORY HUMAN CAPITAL INCOME INFLATION INSPECTION INTEGRATION INVESTMENT IN AGRICULTURAL RESEARCH LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LDCS LEVEL OF TECHNOLOGY LIVESTOCK |
| spellingShingle |
ACCOUNTING AGGREGATE PRODUCTION FUNCTION AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL TECHNOLOGY AGRICULTURE AVERAGE ANNUAL GROWTH AVERAGE PRODUCTIVITY CAPITAL INVESTMENT CAPITAL STOCK CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMPETITIVE ECONOMY CONSTANT RETURNS CONSTANT RETURNS TO SCALE COVARIANCE MATRICES CROPS DATA ANALYSIS DEVELOPMENT ECONOMICS E-MAIL ADDRESS ECONOMETRICS ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC PROGRESS ECONOMIC THEORY ELASTICITY ELASTICITY OF SUBSTITUTION EQUATIONS EQUIPMENT EXCHANGE RATES EXOGENOUS VARIABLES EXTENSION FACTOR ACCUMULATION FACTOR DEMAND FACTOR MARKETS FACTORS OF PRODUCTION FERTILIZERS FOOD PRODUCTION GDP GDP DEFLATOR GROWTH MODELS GROWTH RATE GROWTH RATES GROWTH THEORY HUMAN CAPITAL INCOME INFLATION INSPECTION INTEGRATION INVESTMENT IN AGRICULTURAL RESEARCH LABOR FORCE LABOR MARKET LABOR PRODUCTIVITY LDCS LEVEL OF TECHNOLOGY LIVESTOCK Mundlak, Yair Butzer, Rita Larson, Donald F. Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| relation |
Policy Research Working Paper; No. 4536 |
| description |
The paper presents empirical analysis of
a panel of countries to estimate an agricultural production
function using a measure of capital in agriculture absent
from most studies. The authors employ a heterogeneous
technology framework where implemented technology is chosen
jointly with inputs to interpret information obtained in the
empirical analysis of panel data. The paper discusses the
scope for replacing country and time effects by observed
variables and the limitations of instrumental variables. The
empirical results differ from those reported in the
literature for cross-country studies, largely in augmenting
the role of capital, in combination with productivity gains,
as a driver of agricultural growth. The results indicate
that total factor productivity increased at an average rate
of 3.2 percent, accounting for 59 percent of overall growth.
Most of the remaining gains stem from large inflows of fixed
capital into agriculture. The results also suggest possible
constraints to fertilizer use. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Mundlak, Yair Butzer, Rita Larson, Donald F. |
| author_facet |
Mundlak, Yair Butzer, Rita Larson, Donald F. |
| author_sort |
Mundlak, Yair |
| title |
Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| title_short |
Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| title_full |
Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| title_fullStr |
Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| title_full_unstemmed |
Heterogeneous Technology and Panel Data : The Case of the Agricultural Production Function |
| title_sort |
heterogeneous technology and panel data : the case of the agricultural production function |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/02/9041917/heterogeneous-technology-panel-data-case-agricultural-production-function http://hdl.handle.net/10986/6595 |
| _version_ |
1764400597162786816 |