Unpacking the Agricultural Black Box: The Rise and Fall of American Farm Productivity Growth
- Pardey, Philip (University of Minnesota)
- Alston, Julian (University of California-Davis)
University of Minnesota. Minnesota Agricultural Experiment Station
- Award Number: MIN-14-161
- University of California
- Giannini Foundation of Agricultural Economics
AbstractHas the golden age of U.S. agricultural productivity growth ended? We analyze the detailed patterns of productivity growth spanning a century of profound changes in American agriculture. We document a substantial slowing of U.S. farm productivity growth, following a late mid-century surge—20 years after the surge and slowdown in U.S. industrial productivity growth. We posit and empirically probe three related explanations for this farm productivity surge-slowdown: the time path of agricultural R&D-driven knowledge stocks; a big wave of technological progress associated with great clusters of inventions; and dynamic aspects of the structural transformation of agriculture, largely completed by 1980.
Is version of
Pardey, Philip, and Julian Alston. “Unpacking the Agricultural Black Box: The Rise and Fall of American Farm Productivity Growth.” Journal of Economic History 81, no. 1 (March 1, 2021).
Update Metadata: 2021-01-09 | Issue Number: 1 | Registration Date: 2021-01-09