The impact of productivity growth on U.S. agricultural prices. (Anthology)

From: Atlantic Economic Journal | Date: September 1, 1991| Author: | Copyright information

The Impact of Productivity Growth on U.S. Agricultural Prices

The U.S. agricultural sector has realized substantial productivity growth in recent years. Theoretically, this productivity growth should have a moderating influence on agricultural prices. Empirical examination of the quantitative impact of the increased labor productivity growth on food prices is not only important from the theoretical point of view, but it also has crucial implications to agricultural policy decision making. This note investigates the effects of labor productivity growth on U.S. agricultural ...

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