Total Factor Productividty Growth in Agriculture
Author: A. F. D. ávila
Publisher:
Published: 2010
Total Pages: 54
ISBN-13: 9780444518743
DOWNLOAD EBOOKIn 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.
