Long-Run Structural and Productivity Change in U.S. Agriculture: Effects of Prices and Policies by Wallace E. Huffman … or specialized and (2) an econometrics examination of causes of structural and total factor productivity (TFP) change for … U.S. agriculture. Farm size, farm specialization, and part-time farming are the structural dimension emphasized, and …

) stresses the role of labor deepening, including the reallocation from agriculture, while more recent analysis points to the … role of rising rates of investment. Because labor reallocation across sectors, TFP growth at the sector level and … investment are all inter-related, simple growth decompositions that are often used in the literature are not appropriate for …

We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment … the issue. In this model, savings adjust downwards to income from natural resources, and investment in capital contributes … income through savings and investment. Natural resources have two counteracting effects on income. In the short term …

The theory of welfare accounting shows that comprehensive measures of net investment can be used to test whether an … economy is following unsustainable paths of consumption. However, the notion of net investment used in most applied studies … expression of net investment derived from a dynamic growth model featuring international trade in different types of resource …

investment in knowledge, and its productivity, looking at sectoral peculiarities which may emerge; to this end, we use a large … positive impact on a firm's productivity, with an overall elasticity of about 0.10; this general result is largely consistent … ahead in terms of the impact on productivity of their R&D investments; moreover, a shift in favour of the service sectors …

-industry innovation enhances domestic productivity, and domestic between industry innovations are productivity enhancing. However, foreign …-sourced between-industry innovation has a negative effect on domestic productivity. This highlights the dual aspect of patents as a …This paper examines Total Factor Productivity (TFP) and knowledge flows, using international patent data. The result is …

answer the question: What is the contribution of entrepreneurs to (i) employment generation and dynamics, (ii) innovation …, and (iii) productivity and growth, relative to the contributions of the entrepreneurs’ counterparts, i.e., the ‘control … very important—but specific—function in the economy. They engender relatively much employment creation, productivity growth …

in the U.S. private sector affect economic performance - productivity, profitability, investment, and growth. Freeman and … investment and, subsequently, lower employment and productivity growth. There is little evidence that unionization leads to … Medoff are clearly correct that union productivity effects vary substantially across workplaces. Their conclusion that union …

Using US data for the period 1959-2007, we identify sectoral productivity shocks and capital investment-specific shocks … real and nominal factors, we find that capital investment-specific shocks explain 70 percent of fluctuations of R …&D investment while R&D technology shocks explain 30 percent of the variation of aggregate output net of R&D investment (i.e. the …