The Real Business Cycle (RBC) models a neoclassical system impacted by random changes on Total Factor Productivity (TFP …

measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where … augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate … that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth …

measure of capital in agriculture absent from most studies. The authors employ a heterogeneous technology framework where … augmenting the role of capital, in combination with productivity gains, as a driver of agricultural growth. The results indicate … that total factor productivity increased at an average rate of 3.2 percent, accounting for 59 percent of overall growth …