Output, Input, and Productivity Measurement in U.S. Agriculture 1948–79
1985
Ball, V Eldon
Tornqvist‐Theil indexes of outputs and inputs are constructed. These data are used to construct indexes of productivity growth over the postwar period. The productivity indexes can be derived from a flexible multioutput‐multifactor representation of the structure of production constrained to constant returns to scale. Total factor productivity grew at an average annual rate of 1.75%, compared with 1.70% per year estimated by the U.S. Department of Agriculture. The similar estimates of productivity growth overshadow some important differences in measurement of individual inputs.
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