Capital accumulation and the growth of aggregate agricultural production

Abstract

Haley, S.L., 1991. Capital accumulation and the growth of aggregate agricultural production. Agric. Econ., This report empirically examines the role which capital accumulation plays in the growth of agricultural production potential. The report assumes that the degree to which available technology can be implemented in a nation's agricultural sector depends on accumulated investments that have been made in the sector. Results from estimating aggregate agricultural production functions show the primary importance of rural labor in accounting for agricultural GDP and crop production. Capital accumulation is the dominant explainer of livestock production. Estimation results support the conjecture that capital tends to save scarce land resources (substitute relationship) and use rural labor (complementarity relationship). Output supply elasticities derived from the estimated equations tend to be large. The large elasticities imply that price distortions have had large impacts on resource use and production. t, metric tonne = 1000 kg. 0169-5150/91/$03.50

Salam As Banking Financing for Agriculture in Developing Countries: Lessons From Sudan

“…In addition, the regression results are consistent with the economic theory, stating that credit accessibility for farmers is crucial for transforming traditional agriculture into modern to increase productivity since agricultural production is a function of credit and financing (Schultz, 1964;Saleem and Jan, 2011, Stephen, 1995, Das, Senapati, and John, 2009, Tenaw and Islam, 2009, Okwuchukwu, 2022, Zakaria, Jun and Khan, 2019.…”

The role of agricultural insurance in boosting agricultural output: An aggregate analysis from Chinese provinces

“…Let us consider a Cobb–Douglas production function, commonly employed in impact analysis of production (Biddle, 2011; Fadhliani et al, 2019; Haley, 1991). The Cobb–Douglas production function can be represented by: $$${y}_{{it}}=A{k}_{{it}}^{\alpha }{l}_{{it}}^{\beta }\unicode{x02007}\unicode{x02007}\mathrm{with}\,0\lt \alpha ,\beta \lt 1,$$$where $${y}_{{it}}$$ denotes the gross income of the agricultural sector of province i in year t .…”

“…Let us consider a Cobb-Douglas production function, commonly employed in impact analysis of production (Biddle, 2011;Fadhliani et al, 2019;Haley, 1991). The Cobb-Douglas production function can be represented by:…”

Sources of agricultural productivity growth and stagnation in sub‐Saharan Africa

“…Many econometric studies have examined agricultural productivity differences among countries (e.g, Nguyen, 1979;Mundlak and Hellinghausen, 1982;Antle, 1983;Hayami and Ruttan, 1985;Lau and Yotopolous, 1989;Haley, 1991;Ghura and Just, 1992). These studies, which estimate aggregate agricultural production functions from international data, have been important in quantifying the relative importance of such factors as modern input use, research, infrastructure, and capital accumulation on agricultural growth.…”

“…These studies, which estimate aggregate agricultural production functions from international data, have been important in quantifying the relative importance of such factors as modern input use, research, infrastructure, and capital accumulation on agricultural growth. Of these, only the studies by Haley (1991) and by Ghura and Just (1992) pay particular attention to countries in sub-Saharan Africa (SSA).…”