A Three Factor Agricultural Production Function: The Case of Canada
Microeconomics from University Library of Munich, Germany
This paper estimates a constant returns to scale agricultural production function of the three basic factors of production. Such a function is a useful tool for macroeconomic, growth, and development studies. It uses the shares approach that Solow used in 1957 and very disaggregated Canadian data. The main results of this paper are that first, in Canada, agriculture is less labour intensive than both services and industry, but capital intensity is similar in the three sectors. Second, the share of land in value added is estimated to be 16%. Third, total factor productivity growth in Canada has been roughly the same--0.3%--in agriculture and manufactures over the period 1971-91.
Keywords: agricultural economics; agriculture production function; macroeconomics (search for similar items in EconPapers)
JEL-codes: D1 D2 D3 D4 (search for similar items in EconPapers)
Pages: 13 pages
New Economics Papers: this item is included in nep-agr and nep-eff
Note: Type of Document - pdf; pages: 13
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Journal Article: A Three-Factor Agricultural Production Function: The Case of Canada (1998)
Working Paper: A three-factor agricultural production function: The case of Canada (1997)
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Persistent link: https://EconPapers.repec.org/RePEc:wpa:wuwpmi:0510011
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