The Incidence of Benefits from U.S. Soybean Productivity Gains in a Context of World Trade

Stephen C. Cooke and W. Burt Sundquist

American Journal of Agricultural Economics, 1993, vol. 75, issue 1, 169-180

Abstract: A new procedure for measuring the "K-shift" in the supply function from new technology is introduced. This procedure is used to show that U.S. soybean total factor productivity increased by 1.6% per year between 1974 and 1983. Brazilian and Argentine soybean productivity increased 2.4% per year during this period. Total economic surplus in the U.S and the rest of the world increased between $1.7 and $3.2 billion. Of this total, U.S. resource owners received between $1.3 and $1.5 billion and U.S. consumers received between a $0.1 and $0.2 billion increase in income from increased soybean productivity.

Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:75:y:1993:i:1:p:169-180.

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