Capital Obsolescence and Agricultural Productivity

Abstract This article argues that accounting for capital-embodied technology greatly increases the importance of capital in explaining cross-country differences in agricultural labor productivity. To do so, we draw on a novel data set of agricultural capital prices. We document that new capital is m...

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Bibliographic Details
Published in:The Quarterly journal of economics 2021-02, Vol.136 (1), p.505-561
Main Authors: Caunedo, Julieta, Keller, Elisa
Format: Article
Language:English
Subjects:
Accounting
Adoption of innovations
Agricultural development
Agricultural production
Agricultural technology
Agriculture
Embodiment
Endogenous
Farmworkers
Growth rate
Labor productivity
Obsolescence
Prices
Productivity
Technology
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