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This paper analyzes total factor productivity growth in agriculture in Latin America and the Caribbean between 1961 and … results show that among developing regions, Latin America and the Caribbean shows the highest agricultural productivity growth …. The highest growth within the region has occurred in the last two decades, especially due to improvements in efficiency …
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Recent development and growth accounting studies have established that total factor productivity is an important source …, within the Cobb-Douglas framework, it weighs evidence of the two alternative explanations of total factor productivity …
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Total factor productivity (TFP) growth measures usually focus on a certain direction of optimization and ignore the … progress (0.48%) was the major source of the TFP growth, whereas the importance of the technical efficiency change (0.09%) and … scale efficiency change (-0.01%) was negligible. …
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