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Size, cost, and productivity in the meat processing industries

Author

Listed:
  • Yin Xia

    (Department of Agricultural Economics, University of Missouri-Columbia,, Columbia, MO 65211)

  • Steven Buccola

    (Department of Agricultural and Resource Economics,, Oregon State University, Corvallis, OR 97331)

Abstract

Technology and technical change in the meat processing industries are examined in a cost function framework. Consistent with other studies, we find productivity growth rates to have declined in the past several decades. Nevertheless, growth has consistently been positive and has responded only modestly to the business cycle and to capital prices. Productivity-induced downshifts in unit cost curves have boosted cost elasticities, enhancing incentives for firm and plant-size growth. Rising capital shadow prices suggest the quality of capital has grown relative to that of labor and materials. Technical change appears to be capital-using and material-saving, counteracting the generally capital-saving and material-using effects of output expansion. [EconLit Citations: D24, L66, O30]. © 2002 Wiley Periodicals, Inc.

Suggested Citation

  • Yin Xia & Steven Buccola, 2002. "Size, cost, and productivity in the meat processing industries," Agribusiness, John Wiley & Sons, Ltd., vol. 18(3), pages 283-299.
    • Handle: RePEc:wly:agribz:v:18:y:2002:i:3:p:283-299
    DOI: 10.1002/agr.10026
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    References listed on IDEAS

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    Cited by:

    1. Poddaturi, Dinesh R. & Hart, Chad E. & Schulz, Lee L. & Pouliot, Sébastien, 2020. "A Dynamic Model of U.S. Beef Cattle," ISU General Staff Papers 202001010800001057, Iowa State University, Department of Economics.
    2. Chanjin Chung & Emílio Tostão, 2009. "Nonparametric Estimation of Oligopsony Power in First‐Price Auction," Journal of Agricultural Economics, Wiley Blackwell, vol. 60(2), pages 318-333, June.
    3. Ryota Nakatani, 2024. "Food companies' productivity dynamics: Exploring the role of intangible assets," Agribusiness, John Wiley & Sons, Ltd., vol. 40(1), pages 185-226, January.

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