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U.S. agricultural output more than doubled between 1948 and 2011, with growth averaging 1.49 percent per year. With little growth in total measured use of agricultural inputs, the extraordinary performance of the U.S. farm sector was driven mainly by increases in total factor productivity...
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Innovation and changes in technology have been a driving force for gains in productivity growth in U.S. agriculture. USDA's Economic Research Service has developed annual indexes of agricultural inputs, outputs, and total factor productivity (TFP) for 1948 through 2004. American agriculture...
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The purpose of this paper has been to present quality-adjusted values for land in the United States and nine European countries using price and quantity data for 1990. Disregarding such differences in the quality-adjusted land input would generate biased estimates of the land input and thus of...
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This study provides estimates of the growth and relative levels of agricultural productivity for the 48 contiguous States for the period 1960 to 1996. For the full 1960-96 period, every State exhibits a positive and generally substantial average annual rate of productivity growth. There is...
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This paper examines the relation between the business cycle and convergence in levels of total factor productivity (TFP) across states. First, we find evidence of convergence in TFP levels across the different phases of the business cycle, but the speed of convergence was much greater during...
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