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Title: |
A Three-Factor Agricultural Production
Function: The Case of Canada |
| Author: |
Echevarria,
Cristina |
| Author
Affiliation: |
U Saskatchewan |
| Source: |
International Economic Journal, Autumn 1998, v. 12, no. 3, pp. 63-75 |
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Publication Date: |
Autumn 1998 |
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Abstract: |
This paper estimates a constant returns to
scale agricultural production function of the three basic factors of
production. Such a function is a useful tool for macroeconomic, growth,
and development studies. It uses the shares approach that Solow used in
1957 and very disaggregated Canadian data. The main results of this
paper are that, first, in Canada agriculture is less labor intensive
than both services and industry, but capital intensity is similar in the
three sectors. Second, the share of land in value added is estimated to
be 16%. Third, total factor productivity growth in Canada has been
roughly the same--O.3%--in agriculture and manufactures over the period
1971-91. |
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