Agriculture and aggregation
We study the shape of the aggregate production function in the presence of land-intensive agriculture. The traditional Cobb-Douglas formulation is corrected to include a "diversification component." The implied TFP differences across countries are larger than what Solow residuals suggest.
Year of publication: |
2009
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Authors: | Córdoba, Juan Carlos ; Ripoll, Marla |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 105.2009, 1, p. 110-112
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Publisher: |
Elsevier |
Keywords: | Aggregate production function Diversification Solow residuals Development accounting |
Saved in:
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