U.S. agriculture was transformed during the 20th century by waves of innovation with mechanical, biological, chemical …, and information technologies. Compared with a few decades ago, today’s agriculture is much less labor intensive and farms … innovation will be required to preserve past productivity gains in the face of climate change, coevolving pests and diseases, and …

accounting for the change in the share of labor force in agriculture. TFP growth and changes in the intersectoral wedges are the … points higher and the share of the labor force in agriculture is 23.9 percentage points lower compared with the continuation …

1990s, provided that variations in population growth, depreciation rates, total factor productivity, and taxes are …. We use the theory to compare current accounting measures for labor productivity and investment with the corresponding … understate the boom in productivity and investment …

We introduce a growth model of technology diffusion and endogenous Total Factor Productivity (TFP) levels both at the … disparities in sectoral productivity levels as well as aggregate TFP that can be attributed to the differences in the range of …

agriculture declines while labor productivity increases in agriculture more than in other sectors. We construct a unified theory … simultaneous decline and modernization of agriculture. As capital accumulates, agriculture becomes increasingly capital intensive … as modern agriculture crowds out traditional agriculture. Structural change accelerates in booms and slows down in …

. For new technologies, the case of agriculture demonstrates that government has an important role in antitrust, the …

. Farmers responded to the shrinking transportation wedge and rising revenue productivity by rapidly expanding the area under …

heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in … of climate change on sectoral reallocation and aggregate productivity. First, I use firm-level data from a wide range of …

mimicking portfolios based on investment and productivity. The neo- classical three-factor model outperforms traditional factor … than losers on both the low-minus-high investment factor and the high- minus-low productivity factor, which in turn help …