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Agriculture and aggregation

Juan Cordoba and Marla Ripoll ()

Economics Letters, 2009, vol. 105, issue 1, 110-112

Abstract: 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)
Date: 2009
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Related works:
Working Paper: Agriculture and Aggregation (2010)
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