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The Incidence of Benefits from U.S. Soybean Productivity Gains in a Context of World Trade

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  • Stephen C. Cooke
  • W. Burt Sundquist

Abstract

A new procedure for measuring the "K-shift" in the supply function from new technology is introduced. This procedure is used to show that U.S. soybean total factor productivity increased by 1.6% per year between 1974 and 1983. Brazilian and Argentine soybean productivity increased 2.4% per year during this period. Total economic surplus in the U.S and the rest of the world increased between $1.7 and $3.2 billion. Of this total, U.S. resource owners received between $1.3 and $1.5 billion and U.S. consumers received between a $0.1 and $0.2 billion increase in income from increased soybean productivity.

Suggested Citation

  • Stephen C. Cooke & W. Burt Sundquist, 1993. "The Incidence of Benefits from U.S. Soybean Productivity Gains in a Context of World Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(1), pages 169-180.
    • Handle: RePEc:oup:ajagec:v:75:y:1993:i:1:p:169-180.
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    File URL: http://hdl.handle.net/10.2307/1242965
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    Cited by:

    1. Strappazzon, Loris & Eigenraam, Mark & Wimalasuriya, Rukman & Stoneham, Gary, 2002. "Estimating Research Benefits When there is Input and Output Substitution: An Applied Analysis," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 125167, Australian Agricultural and Resource Economics Society.
    2. Bullock, David S. & Dadakas, Dimitrios & Katranidis, Stelios D., 2009. "Measuring the Effects of Technology Change in Multiple Markets : Application to the Greek Cotton Yarn Industry," MPRA Paper 67204, University Library of Munich, Germany, revised 2012.

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