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This paper studies the effects of U.S. energy shocks on international economic activity and the world oil market. The analysis uses a set of factor-augmented vector autoregressions to identify and compare the impact of unanticipated changes in U.S. energy efficiency and U.S. oil supply over...
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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 …
Persistent link: https://www.econbiz.de/10013322662
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 …
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R&D investments on productivity and on the induced innovation hypothesis for both inputs and outputs. The approach … builds on a non-parametric representation of the underlying technology. An application to U.S. agriculture is presented. By …
Persistent link: https://www.econbiz.de/10014067427