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Productivity and Profitability of US Agriculture: Evidence from a Panel of States

  • V. Eldon Ball
  • Rolf Färe
  • Shawna Grosskopf
  • Dimitri Margaritis
Chapter
Part of the Studies in Productivity and Efficiency book series (SIPE, volume 7)

Abstract

This chapter investigates the effect of R&D on US agricultural productivity using panel data at the state level for the period 1960–2004. We employ the Bennet-Bowley indicator to measure multifactor productivity based on a multiple input–multiple output technology. Our findings confirm the anticipated positive effect of R&D on agricultural productivity. We also examine the relationship between price change and R&D and between profitability and R&D. We find that R&D has a negative effect on price change while the effect on profit change is positive but not statistically significant.

Keywords

Total Factor Productivity Price Change Productivity Change Panel Unit Root Test Directional Distance Function 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2010

Authors and Affiliations

  • V. Eldon Ball
    • 1
  • Rolf Färe
    • 2
  • Shawna Grosskopf
    • 2
  • Dimitri Margaritis
    • 3
  1. 1.Economic Research ServiceUS Department of AgricultureWashingtonUSA
  2. 2.Department of EconomicsOregon State UniversityCorvallisUSA
  3. 3.Department of Accounting and FinanceUniversity of Auckland Business SchoolAucklandNew Zealand

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