Measures of Fixed Capital in Agriculture
Capital is a fundamental component of agricultural production, and the accumulation of capital is key to growth in agriculture and the process of development. Unfortunately, cross-country data sets on agricultural fixed capital are rare. Using a co...
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| Format: | Policy Research Working Paper |
| Language: | English |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101109102000 http://hdl.handle.net/10986/3954 |
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okr-10986-39542021-04-23T14:02:14Z Measures of Fixed Capital in Agriculture Butzer, Rita Mundlak, Yair Larson, Donald F. AFFILIATED ORGANIZATIONS AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL RESEARCH AGRICULTURE ASSETS AVERAGE ANNUAL GROWTH CAPITAL ACCUMULATION CAPITAL INPUT CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL STOCK CAPITAL STOCKS CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMMODITY PRICES COMPARATIVE ANALYSES CROPS DATA AVAILABILITY DEFLATORS DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMICS ELASTICITY EQUIPMENT EXCHANGE RATES EXPENDITURES EXTENSION FARM STRUCTURES FERTILIZERS FIXED ASSETS FIXED CAPITAL FIXED COSTS FIXED INVESTMENT FIXED INVESTMENTS FOOD PRODUCTION GDP GDP DEFLATOR GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME GROUP INCOME GROUPS INFLATION INFLATION RATES INTEGRATION INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INVENTORY LABOR FORCE LEVEL OF TECHNOLOGY LIVESTOCK LOCAL CURRENCY LOW INCOME LOW-INCOME COUNTRIES MARKET PRICES MARKET RISK NATURAL ENDOWMENTS OUTPUT RATIO OUTPUTS PRICE VOLATILITY PRODUCTION COSTS PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION STRUCTURE PRODUCTIVITY PRODUCTIVITY CHANGE PRODUCTIVITY GROWTH R&D RAPID GROWTH REAL INTEREST RATE RELATIVE PRICES RURAL DEVELOPMENT SHADOW PRICES STRUCTURAL CHANGE TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TERMS OF CAPITAL TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VALUE OF OUTPUT VARIABLE INPUTS WATER RESOURCES WORLD DEVELOPMENT INDICATORS YIELD Capital is a fundamental component of agricultural production, and the accumulation of capital is key to growth in agriculture and the process of development. Unfortunately, cross-country data sets on agricultural fixed capital are rare. Using a common methodology that allows comparisons across countries, as well as over time, this paper introduces a data series on fixed capital in agriculture, based on national accounts data. The fixed capital measure differs remarkably from the Food and Agriculture Organization's data series on tractors, which has been widely utilized as a proxy for agricultural fixed capital. The authors construct comparable measures of capital in livestock and tree stock. They examine the evolution of the capital stocks from 1970 to 2000, paying particular attention to the changing composition of agricultural capital, as well as differences in the accumulation of capital for high-income and middle and lower-income countries. Using the capital measures in agricultural productivity analyses, the data yield estimated input elasticities substantially different from those found previously in the literature. The authors show explicitly that this is due to the improved data set on agricultural capital stocks, as well as the methodology used in the study. 2012-03-19T18:42:46Z 2012-03-19T18:42:46Z 2010-11-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101109102000 http://hdl.handle.net/10986/3954 English Policy Research working paper ; no. WPS 5472 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
AFFILIATED ORGANIZATIONS AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL RESEARCH AGRICULTURE ASSETS AVERAGE ANNUAL GROWTH CAPITAL ACCUMULATION CAPITAL INPUT CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL STOCK CAPITAL STOCKS CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMMODITY PRICES COMPARATIVE ANALYSES CROPS DATA AVAILABILITY DEFLATORS DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMICS ELASTICITY EQUIPMENT EXCHANGE RATES EXPENDITURES EXTENSION FARM STRUCTURES FERTILIZERS FIXED ASSETS FIXED CAPITAL FIXED COSTS FIXED INVESTMENT FIXED INVESTMENTS FOOD PRODUCTION GDP GDP DEFLATOR GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME GROUP INCOME GROUPS INFLATION INFLATION RATES INTEGRATION INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INVENTORY LABOR FORCE LEVEL OF TECHNOLOGY LIVESTOCK LOCAL CURRENCY LOW INCOME LOW-INCOME COUNTRIES MARKET PRICES MARKET RISK NATURAL ENDOWMENTS OUTPUT RATIO OUTPUTS PRICE VOLATILITY PRODUCTION COSTS PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION STRUCTURE PRODUCTIVITY PRODUCTIVITY CHANGE PRODUCTIVITY GROWTH R&D RAPID GROWTH REAL INTEREST RATE RELATIVE PRICES RURAL DEVELOPMENT SHADOW PRICES STRUCTURAL CHANGE TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TERMS OF CAPITAL TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VALUE OF OUTPUT VARIABLE INPUTS WATER RESOURCES WORLD DEVELOPMENT INDICATORS YIELD |
| spellingShingle |
AFFILIATED ORGANIZATIONS AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL OUTPUT AGRICULTURAL PRODUCTION AGRICULTURAL RESEARCH AGRICULTURE ASSETS AVERAGE ANNUAL GROWTH CAPITAL ACCUMULATION CAPITAL INPUT CAPITAL INTENSITY CAPITAL INVESTMENT CAPITAL INVESTMENTS CAPITAL STOCK CAPITAL STOCKS CAPITAL-LABOR CAPITAL-LABOR RATIO COMMODITY COMMODITY PRICES COMPARATIVE ANALYSES CROPS DATA AVAILABILITY DEFLATORS DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC DEVELOPMENT ECONOMIC ENVIRONMENT ECONOMIC GROWTH ECONOMIC RESEARCH ECONOMICS ELASTICITY EQUIPMENT EXCHANGE RATES EXPENDITURES EXTENSION FARM STRUCTURES FERTILIZERS FIXED ASSETS FIXED CAPITAL FIXED COSTS FIXED INVESTMENT FIXED INVESTMENTS FOOD PRODUCTION GDP GDP DEFLATOR GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH RATE GROWTH RATES HUMAN CAPITAL INCOME INCOME GROUP INCOME GROUPS INFLATION INFLATION RATES INTEGRATION INTERNATIONAL DEVELOPMENT INTERNATIONAL TRADE INVENTORY LABOR FORCE LEVEL OF TECHNOLOGY LIVESTOCK LOCAL CURRENCY LOW INCOME LOW-INCOME COUNTRIES MARKET PRICES MARKET RISK NATURAL ENDOWMENTS OUTPUT RATIO OUTPUTS PRICE VOLATILITY PRODUCTION COSTS PRODUCTION EFFICIENCY PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTION STRUCTURE PRODUCTIVITY PRODUCTIVITY CHANGE PRODUCTIVITY GROWTH R&D RAPID GROWTH REAL INTEREST RATE RELATIVE PRICES RURAL DEVELOPMENT SHADOW PRICES STRUCTURAL CHANGE TECHNICAL PROGRESS TECHNOLOGICAL CHANGE TERMS OF CAPITAL TFP TOTAL FACTOR PRODUCTIVITY TOTAL FACTOR PRODUCTIVITY GROWTH VALUE OF OUTPUT VARIABLE INPUTS WATER RESOURCES WORLD DEVELOPMENT INDICATORS YIELD Butzer, Rita Mundlak, Yair Larson, Donald F. Measures of Fixed Capital in Agriculture |
| geographic_facet |
The World Region |
| relation |
Policy Research working paper ; no. WPS 5472 |
| description |
Capital is a fundamental component of
agricultural production, and the accumulation of capital is
key to growth in agriculture and the process of development.
Unfortunately, cross-country data sets on agricultural fixed
capital are rare. Using a common methodology that allows
comparisons across countries, as well as over time, this
paper introduces a data series on fixed capital in
agriculture, based on national accounts data. The fixed
capital measure differs remarkably from the Food and
Agriculture Organization's data series on tractors,
which has been widely utilized as a proxy for agricultural
fixed capital. The authors construct comparable measures of
capital in livestock and tree stock. They examine the
evolution of the capital stocks from 1970 to 2000, paying
particular attention to the changing composition of
agricultural capital, as well as differences in the
accumulation of capital for high-income and middle and
lower-income countries. Using the capital measures in
agricultural productivity analyses, the data yield estimated
input elasticities substantially different from those found
previously in the literature. The authors show explicitly
that this is due to the improved data set on agricultural
capital stocks, as well as the methodology used in the study. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Butzer, Rita Mundlak, Yair Larson, Donald F. |
| author_facet |
Butzer, Rita Mundlak, Yair Larson, Donald F. |
| author_sort |
Butzer, Rita |
| title |
Measures of Fixed Capital in Agriculture |
| title_short |
Measures of Fixed Capital in Agriculture |
| title_full |
Measures of Fixed Capital in Agriculture |
| title_fullStr |
Measures of Fixed Capital in Agriculture |
| title_full_unstemmed |
Measures of Fixed Capital in Agriculture |
| title_sort |
measures of fixed capital in agriculture |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101109102000 http://hdl.handle.net/10986/3954 |
| _version_ |
1764389196698484736 |