Agricultural Productivity: Measurement and Sources of Growth
addresses measurement issues and techniques in agricultural
productivity analysis, applying those techniques to recently
published data sets for American agriculture. The data sets are
used to estimate and explain state level productivity and
efficiency differences, and to test different approaches to
productivity measurement. The rise in agricultural productivity is
the single most important source of economic growth in the U.S.
farm sector, and the rate of productivity growth is estimated to be
higher in agriculture than in the non-farm sector. It is important
to understand productivity sources and to measure its growth
properly, including the effects of environmental externalities.
Both the methods and the data can be accessed by economists at
the state level to conduct analyses for their own states. In a
sense, although not explicitly, the book provides a guide to using
the productivity data available on the website of the U.S.
Department of Agriculture/Economic Research Service. It should be
of interest to a broad spectrum of professionals in academia, the
government, and the private sector.
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