COINTEGRATION, AND CAUSALITY: EXPLORING THE RELATIONSHIP BETWEEN AGRICULTURAL AND PRODUCTIVITY

Autor:	D. Schimmelpfennig, C. Thirtle
Rok vydání:	1994
Předmět:	Macroeconomics Economics and Econometrics Cointegration business.industry Public sector Private sector Agricultural and Biological Sciences (miscellaneous) Causality Granger causality Econometrics Economics business Productivity Total factor productivity Agricultural extension
Zdroj:	Journal of Agricultural Economics. 45:220-231
ISSN:	1477-9552 0021-857X
Popis:	This study investigates the causal relationships between total factor productivity (TFP) and explanatory variables, such as public sector agricultural extension, farmer education, private sector patents and the weather. Cointegration and Granger causality tests are applied to the UK data which were used by Hallam (1990). Unlike Hallam, we find that there is a relationship between research spending and productivity. The same methodology is applied to new data for ten EC countries and the USA. In all cases there is evidence of a long run relationship between TFP and. Pooling the data for the ten EC countries and the USA, and then testing for causality shows that expenditures are Granger prior to TFP and that TFP is also Granger prior to expenditures. This result agrees with Pardey and Craig's (1989) US study.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::cb144ddec9b1b4a0d14ecb3aafe25144 https://doi.org/10.1111/j.1477-9552.1994.tb00396.x Zobrazit plný text záznamu Plný text