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Growth, Productivity and Technological Change in the Agricultural Sector. Some Evidence for the Argentine Economy, 1985-2018

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  • Luis Lanteri

    (Central Bank of Argentina)

Abstract

In this paper, we calculated the growth rates of total factor productivity (TFP), corresponding to the argentine agricultural sector, according to the neoclassical theory of growth (period 1985-2018). In turn, we estimated a translogarithmic cost function, with four factors of production (land, capital, labor and fertilizer consumption), in order to compute the Allen-Uzawa partial elasticities of substitution between the factors and the bias of technological change followed in the sector, during the same period. This system of simultaneous equations is estimated through the SUR method developed by Zellner. The results found do not allow us to be so conclusive regarding the validity of the theory of induced innovation, for argentine agriculture.

Suggested Citation

  • Luis Lanteri, 2019. "Growth, Productivity and Technological Change in the Agricultural Sector. Some Evidence for the Argentine Economy, 1985-2018," BCRA Working Paper Series 201986, Central Bank of Argentina, Economic Research Department.
    • Handle: RePEc:bcr:wpaper:201986
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    More about this item

    Keywords

    agricultural sector; productivity; translogarithmic cost function; technological bias; theory of induced innovation; Argentina;
    All these keywords.

    JEL classification:

    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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