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Seasonality, Capital Inflexibility, and the Industrialization of Animal Production

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Abstract

Among the prominent recognized features of the industrialization of animal production over the past half century are growth in the stock of inflexible, or use-dedicated, capital as an input in production and growth in productivity. Less recognized is a trend toward aseasonal production. We record the deseasonalization of animal production in Northern Hemisphere countries over the past 70 years. Using Irish farm-level data, we provide evidence that low seasonality favors laborsaving investments. We also suggest that (a) lower seasonality can be Granger-causally prior to increased productivity, and (b) productivity improvements can be Granger-causally prior to lower seasonality. Process (a) should be more likely earlier in the industrialization process. For U.S. dairy production, our empirical tests find some evidence that process (a) operated early in the twentieth century while process (b) operated in more recent times.

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  • Jutta Roosen & David A. Hennessy & Thia C. Hennessy, 2004. "Seasonality, Capital Inflexibility, and the Industrialization of Animal Production," Center for Agricultural and Rural Development (CARD) Publications 04-wp351, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  • Handle: RePEc:ias:cpaper:04-wp351
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    1. Chen, Been-Lon & Shimomura, Koji, 1998. "Self-Fulfilling Expectations and Economic Growth: A Model of Technology Adoption and Industrialization," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 39(1), pages 151-170, February.
    2. Oya S. Erdogdu & David Hennessy, 2003. "Industralization of Animal Agriculture," Microeconomics 0309005, University Library of Munich, Germany.
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    1. David Hennessy, 2007. "Region marginalization in agriculture, seasonality, dedicated capital, and product development with reference to North Europe dairy sector," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 41(2), pages 467-486, June.

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