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Traditional measures of the benefits of technological change use producer prices. Consumer-oriented measures are more appropriate but they require knowledge of price impacts. They may diverge in the presence of distortions. This paper shows that in general equilibrium they are interrelated...
Persistent link: https://www.econbiz.de/10005501153
Traditional Total factor productivity [TFP] misrepresents the true change in agricultural productivity because environmental bads jointly produced with desirable outputs are unaccounted. Nonparametric measures incorporating environmental bads support the hypothesis that prior [after] to 1980's...
Persistent link: https://www.econbiz.de/10005501201