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Technology catch-up in agriculture among advanced economies

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dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorBall, Eldon V.
dc.contributor.authorSan Juan, Carlos
dc.contributor.authorSunyer Manteiga, Carlos
dc.contributor.authorSheng, Yu
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economíaes
dc.contributor.funderUniversidad Carlos III de Madrid
dc.date.accessioned2020-05-20T10:45:50Z
dc.date.available2020-05-20T10:45:50Z
dc.date.issued2020-05-13
dc.description.abstractThe article tests the hypothesis of convergence in relative levels of total factor productivityacross seventeen member countries of the Organization for Economic Cooperation and Development and tries to identify factors that affect the speed of convergence. Using a paneldata model, we investigate the role of relative factor intensities (i.e. embodiment) and assess the impact of fluctuations in aggregate economic activity (i.e., the business cycle). We also consider the role of human capital spillovers and agricultural policy differences such as the Common Agricultural Policy of the European Union. We use a two-step difference Generalised Method of Moments estimator to quantify the contributions of each of these factors. We find evidence of convergence in productivity levels across the different phases of the business cycle.However, the speed of convergence was higher during contractions (negative output gap) than along expansions. Results show that the speed of convergence among the European countries during the economic slowdown is slower than in Australia, Canada and the United States. Finally, we found significant spillovers from investment in human capital and the productivity of the national economy leading to more rapid productivity growth.en
dc.description.sponsorshipFor the financial support of the Instituto de Estudios Fiscales (Spain) project 2018/00389/001 and the University Carlos III of Madrid Project 2009/00426/002. We are grateful to Kennet Ericson for his collaboration in editing the manuscript.en
dc.identifier.issn2340-5031
dc.identifier.urihttps://hdl.handle.net/10016/30393
dc.identifier.uxxiDT/0000001754
dc.language.isoeng
dc.relation.ispartofseriesWorking paper. Economicsen
dc.relation.ispartofseries20-03
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomíaes
dc.subject.jelQ16
dc.subject.jelQ17
dc.subject.otherTotal Factor Productivityen
dc.subject.otherBusiness Cycleen
dc.subject.otherProductivity Convergenceen
dc.subject.otherOECD Agricultureen
dc.subject.otherGeneralised Method of Momentsen
dc.titleTechnology catch-up in agriculture among advanced economiesen
dc.typeworking paper*
dc.type.hasVersionAO*
dspace.entity.typePublication
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