EconPapers    
Economics at your fingertips  
 

Identifying factor productivity from micro-data: The case of EU agriculture

Martin Petrick () and Mathias Kloss ()

No 171, IAMO Discussion Papers from Leibniz Institute of Agricultural Development in Transition Economies (IAMO)

Abstract: We examine the plausibility of four established and innovative identification strategies for agricultural production functions using farm-level panel datasets from five EU countries. Newly suggested proxy and dynamic panel approaches provide attractive conceptual improvements over received Within and duality models. Even so, empirical implementation of such advancements does not always live up to expectations. This is particularly true for the dynamic panel estimator, which mostly failed to identify reasonable elasticities for the (quasi-) fixed factors. Less demanding proxy approaches represent an interesting alternative for agricultural applications. In our EU sample, high production elasticities for materials prevail. Hence, improving the availability of working capital is the most promising way to increase agricultural productivity.

Keywords: agricultural factor productivity; production function estimation; EU; Farm Accountancy Data Network; Landwirtschaftliche Faktorproduktivität; Schätzung von Produktionsfunktionen; Testbetriebsnetz (search for similar items in EconPapers)
JEL-codes: C13 C23 D24 Q12 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-agr and nep-eff
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.econstor.eu/bitstream/10419/177902/1/1019302429.pdf (application/pdf)

Related works:
Working Paper: Identifying factor productivity from micro-data: the case of EU agriculture (2018) Downloads
Working Paper: Identifying Factor Productivity from Micro-data: The case of EU agriculture (2013) Downloads
Working Paper: Identifying Factor Productivity from Micro-data: The case of EU agriculture (2013) Downloads
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:zbw:iamodp:171

Access Statistics for this paper

More papers in IAMO Discussion Papers from Leibniz Institute of Agricultural Development in Transition Economies (IAMO) Contact information at EDIRC.
Bibliographic data for series maintained by ZBW - Leibniz Information Centre for Economics ().

 
Page updated 2019-02-19
Handle: RePEc:zbw:iamodp:171