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TOTAL FACTOR PRODUCTIVITY IN UK AGRICULTURE, 1967‐90
Author(s) -
Thirtle C.,
Bottomley P.
Publication year - 1992
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1992.tb00233.x
Subject(s) - total factor productivity , economics , agricultural economics , agriculture , aggregate (composite) , agricultural productivity , productivity , index (typography) , production (economics) , price index , econometrics , macroeconomics , geography , materials science , archaeology , world wide web , computer science , composite material
Indices of total factor productivity (TFP) measure aggregate output per unit of aggregate input, providing a guide to the efficiency of agricultural production. This paper outlines the relationship between production functions and TFP indices. An index for the period 1967‐90, constructed from the UK aggregate agricultural accounts, shows that TFP grew at an average rate of 1.9% per annum and that TFP growth has increased since the UK joined the European Community. At the aggregate level, this change seems to be explained by increased aggregate output and decreased aggregate input, in about equal proportions. Disaggregation shows the intensification effect of the CAP price regime. There has been rapid growth in the output of farm crops, relative to other enterprises, and in the use of agricultural chemicals.