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Growth in the agricultural GDP of four major European countries is compared with US agricultural growth for the period 1974-1993. The agricultural sector's relative prices are taken into account along with economy-wide factor market adjustments. For Denmark, France, Germany and the UK, the...
Persistent link: https://www.econbiz.de/10011069324
General equilibrium and open economy trade theory are used along with time series data on the U.S. agricultural sector to provide insights into the structure of agricultural supply, factor returns and linkages to the rest of the economy. Output expansion and factor returns are found to vary...
Persistent link: https://www.econbiz.de/10011069453