Education and Allocative Efficiency in U.S. Agriculture

Nabil Khaldi

American Journal of Agricultural Economics, 1975, vol. 57, issue 4, 650-657

Abstract: Rapid technological change creates production uncertainty with a consequent decline in allocative efficiency; productivity growth appears to augment the comparative advantage of large farms, which alongside rising operator education implies scale economies in the use of information. A method is provided for measuring cost inefficiency due to changes in input mix and failure to produce optimum output which is related to growth in farm size. Statistical results provide support for the hypothesis that education enhances allocative efficiency.

Date: 1975
References: Add references at CitEc
Citations: View citations in EconPapers (11)

Downloads: (external link)
http://hdl.handle.net/10.2307/1238883 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:57:y:1975:i:4:p:650-657.

Access Statistics for this article

American Journal of Agricultural Economics is currently edited by Madhu Khanna, Brian E. Roe, James Vercammen and JunJie Wu

More articles in American Journal of Agricultural Economics from Agricultural and Applied Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().