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Capital Formation and Growth in the Israeli Cooperative Farm

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  • Ezra Sadan

Abstract

The Israeli cooperative farm is characterized by a high rate of expansion; the annual rate of growth of the cooperatives' gross product is 11.5 percent. The analysis of the growth pattern of this farm enterprise from 1936 to 1960 suggests that 2 percent of the annual rate of growth of the gross product can be attributed to capital, 1.5 percent to land and labor, 5 percent to the extended utilization of raw materials, and a residual of 3 percent to "technical progress." A closer examination reveals that a considerable portion of the last is associated with capital formation, probably as a result of technological improvements carried through the flow of gross investments. A smaller portion of the unexplained growth can be attributed to improvements in the "managerial capacity" of the firms under study.

Suggested Citation

  • Ezra Sadan, 1968. "Capital Formation and Growth in the Israeli Cooperative Farm," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(4), pages 975-990.
    • Handle: RePEc:oup:ajagec:v:50:y:1968:i:4:p:975-990.
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    File URL: http://hdl.handle.net/10.2307/1237633
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    Cited by:

    1. Mundlak, Yair, 2001. "Production and supply," Handbook of Agricultural Economics, in: B. L. Gardner & G. C. Rausser (ed.), Handbook of Agricultural Economics, edition 1, volume 1, chapter 1, pages 3-85, Elsevier.
    2. Mundlak, Yair, 1999. "Production and Supply (Revised)," Working Papers 232819, Hebrew University of Jerusalem, Center for Agricultural Economic Research.

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