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Labor productivity measurement in Japanese agriculture, 1956–90
Author(s) -
Kuroda Yoshimi
Publication year - 1995
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1995.tb00350.x
Subject(s) - total factor productivity , economics , technological change , technical change , productivity , agriculture , agricultural productivity , substitution (logic) , technical progress , labour economics , agricultural economics , econometrics , macroeconomics , computer science , ecology , programming language , biology
This paper investigates the factors responsible for a drastic decline in the growth rate of labor productivity of the agricultural sector for the 1956–90 period. This investigation is carried out by a newly devised procedure which decomposes the growth rate of labor productivity into (1) the total substitution effect which consists of the effects due to factor price changes and biased technological change, and (2) the TFP effect composed of the effects due to scale economies and technological progress. Based on empirical estimation of the translog cost function, it was found that the total substitution effect contributed to the growth of labor productivity much more than the TFP effect did for the period under question.