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Productivity, efficiency and technical change in world agriculture: a färe-primont index approach

Néstor A. Le Clech () and Carmen Fillat Castejón ()
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Néstor A. Le Clech: Quilmes National University
Carmen Fillat Castejón: University of Zaragoza

Authors registered in the RePEc Author Service: Carmen Fillat-Castejon ()

Documentos de Trabajo from Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza

Abstract: This paper makes a comparative analysis of the total factor productivity (TFP) estimations on the agricultural sector between the traditional Malmquist index and the new Färe-Primont index (FPI) proposed by O´Donnell. Moreover, the study makes some direct comparisons with previous traditional literature. In addition, it makes use of an improved measure of the capital stock, which showed important effects on the estimates of the agricultural productivity. The new FPI yields some lower growth of agricultural productivity and the use of the improved measure of the capital stock shows a very important effect on TFP gains.

Keywords: Total Factor Productivity; Färe-Primont index; Malmquist index; agricultural productivity; technological and efficiency change (search for similar items in EconPapers)
JEL-codes: C18 O47 Q11 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-eff
Date: 2017-09
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Persistent link: https://EconPapers.repec.org/RePEc:zar:wpaper:dt2017-09

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