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The role of energy productivity in the U.S. agriculture

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorBall, V. Eldon
dc.contributor.authorFäre, R.
dc.contributor.authorGrosskopf, S.
dc.contributor.authorMargaritis, D.
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.date.accessioned2014-11-19T14:21:14Z
dc.date.available2014-11-19T14:21:14Z
dc.date.issued2014-11-19
dc.description.abstractThis paper investigates the role of energy on U.S. agricultural productivity using panel data at the state level for the period 1960-2004. We first provide a historical account of energy use in U.S. agriculture. To do this we rely on the Bennet cost indicator to study how the price and volume components of energy costs have developed over time. We then proceed to analyze the contribution of energy to productivity in U.S. agriculture employing the Bennet-Bowley productivity indicator. An important feature of the Bennet-Bowley indicator is its direct association with the change in (normalized) profits. Thus our study is also able to analyze the link between profitability and productivity in U.S. agriculture. Panel regression estimates indicate that energy prices have a negative effect on profitability in the U.S. agricultural sector. We also find that energy productivity has generally remained below total farm productivity following the 1973-1974 global energy crisis.en
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe1424
dc.identifier.urihttps://hdl.handle.net/10016/19709
dc.language.isoenges
dc.relation.ispartofseriesUC3M Working papers. Economicsen
dc.relation.ispartofseries14-24
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen accessen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomíaes
dc.subject.otherEnergyen
dc.subject.otherBennet-Bowley indicatoren
dc.subject.otherAgricultural productivityen
dc.titleThe role of energy productivity in the U.S. agricultureen
dc.typeworking paper*
dc.type.hasVersionSMUR*
dspace.entity.typePublication
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