TOTAL FACTOR PRODUCTIVITY IN UK AGRICULTURE, 1967-90
| Autor: | C. Thirtle, P. Bottomley |
|---|---|
| Rok vydání: | 1992 |
| Předmět: |
Economics and Econometrics
Labour economics Aggregate (composite) Index (economics) European community business.industry Agricultural and Biological Sciences (miscellaneous) Agricultural economics Agriculture Economics Production (economics) Agricultural productivity Aggregate level business Total factor productivity |
| Zdroj: | Journal of Agricultural Economics. 43:381-400 |
| ISSN: | 1477-9552 0021-857X |
| Popis: | Indices of total factor productivity (TFP) measure aggregate output per unit of aggregate input, providing a guide to the efficiency of agricultural production. This paper outlines the relationship between production functions and TFP indices. An index for the period 1967-90, constructed from the UK aggregate agricultural accounts, shows that TFP grew at an average rate of 1.9% per annum and that TFP growth has increased since the UK joined the European Community. At the aggregate level, this change seems to be explained by increased aggregate output and decreased aggregate input, in about equal proportions. Disaggregation shows the intensification effect of the CAP price regime. There has been rapid growth in the output of farm crops, relative to other enterprises, and in the use of agricultural chemicals. |
| Databáze: | OpenAIRE |
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