Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture

Munisamy Gopinath; Terry L. Roe

doi:10.1023/A:1007759705652

Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture

Munisamy Gopinath, Terry L. Roe

Applied Economics

Research output: Contribution to journal › Article › peer-review

19 Scopus citations

Abstract

Growth in U.S. agriculture is linked to the non-farm economy through domestic terms of trade and factor market adjustments. With almost stable input growth, the relatively large contributions from growth in Total Factor Productivity (TFP) are passed on to intermediate and final consumers in the form of declining real prices for primary farm products. The resulting net growth in the real value of farm output (GDP) is relatively low (0.25% per annum). The decomposition of TFP suggests that public agricultural stock of knowledge and infrastructure are "robustly" associated with TFP growth, while spill-overs from private agricultural and economy wide research and development (R&D) are positive but, relatively small.

Original language	English (US)
Pages (from-to)	293-310
Number of pages	18
Journal	Journal of Productivity Analysis
Volume	8
Issue number	3
DOIs	https://doi.org/10.1023/A:1007759705652
State	Published - 1997

Bibliographical note

Funding Information:
We acknowledge the comments and suggestions of Vernon Ruttan, Mathew Shane, Lloyd Teigen and two anonymous referees. The research was conducted in collaboration with CAD/ERS, U.S. Department of Agriculture with the support of a NRI grant.

Keywords

Externalities
Growth
Public R&D
Spill-overs
U.S. Agriculture

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

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Sources of Sectoral Growth in an Economy Wide Context: The Case of U.S. Agriculture

Abstract

Bibliographical note

Keywords

UN SDGs

Access

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