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Total Factor Productividty Growth in Agriculture

Total Factor Productividty Growth in Agriculture PDF Author: A. F. D. ávila
Publisher:
ISBN: 9780444518743
Category :
Languages : en
Pages : 54

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Book Description
In this chapter we compute measures of total factor productivity (TFP) growth for developing countries and then contrast TFP growth with technological capital indexes. In developing these indexes, we incorporate schooling capital to yield two new indexes: Invention-Innovation Capital and Technology Mastery. We find that TFP performance is strongly related to technological capital and that technological capital is required for TFP and cost reduction growth. Investments in technological capital require long-term (20- to 40-year) investments, which are typically made by governments and aid agencies and are the only viable escape route from mass poverty.