Agriculture and aggregation
Juan Cordoba and
Marla Ripoll ()
Economics Letters, 2009, vol. 105, issue 1, 110-112
We study the shape of the aggregate production function in the presence of land-intensive agriculture. The traditional Cobb-Douglas formulation is corrected to include a "diversification component." The implied TFP differences across countries are larger than what Solow residuals suggest.
Keywords: Aggregate; production; function; Diversification; Solow; residuals; Development; accounting (search for similar items in EconPapers)
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Working Paper: Agriculture and Aggregation (2010)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:105:y:2009:i:1:p:110-112
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