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

• Autores: Néstor Adrián Le Clech, Carmen Fillat Castejón
• Localización: Documentos de trabajo ( Universidad de Zaragoza. Facultad de Economía y Empresa ), ISSN-e 2171-6668, Nº. 9, 2017
• Idioma: inglés
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• Resumen

  • 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.