Measures of fixed capital in agriculture, Vol. 1 of 1

About

Countries

Data & Research

Learning

News

Projects & Operations

Publications

Topics

Home > Data & Research > Author Profile > Report Details

Measures of fixed capital in agriculture

Author:	Butzer, Rita; Mundlak, Yair; Larson, Donald F.;	Collection Title:	Policy Research working paper ; no. WPS 5472
Country:	World;	Date Stored:	2010/11/09
Document Date:	2010/11/01	Document Type:	Policy Research Working Paper
Language:	English	Major Sector:	Agriculture, fishing, and forestry
Rel. Proj ID:	1W-Rural Growth Experiences -- -- P043136;	Region:	The World Region
Report Number:	WPS5472	Sub Sectors:	General agriculture, fishing and forestry sector
SubTopics:	Economic Theory & Research; Emerging Markets; Economic Growth; Investment and Investment Climate; Rural Development Knowledge & Information Systems	TF No/Name:	TF039484-WORLD - AREA-BASED INDEX INSURANCE; BBRSB-BB RESEARCH SUPPORT BUDGET; TF039041-WORLD - PRICE UNCERTAINTY, ECONOMIC GROWTH AND POVERTY; TF033077-GLOBAL - AGRICULTURAL SECTOR DEVELOPMENT
Volume No:	1 of 1	Related Dataset:	Agricultural Capital Revisited;

Summary: Capital is a fundamental component of agricultural production, and the accumulation of capital is key to growth in agriculture and the process of development. Unfortunately, cross-country data sets on agricultural fixed capital are rare. Using a common methodology that allows comparisons across countries, as well as over time, this paper introduces a data series on fixed capital in agriculture, based on national accounts data. The fixed capital measure differs remarkably from the Food and Agriculture Organization's data series on tractors, which has been widely utilized as a proxy for agricultural fixed capital. The authors construct comparable measures of capital in livestock and tree stock. They examine the evolution of the capital stocks from 1970 to 2000, paying particular attention to the changing composition of agricultural capital, as well as differences in the accumulation of capital for high-income and middle and lower-income countries. Using the capital measures in agricultural productivity analyses, the data yield estimated input elasticities substantially different from those found previously in the literature. The authors show explicitly that this is due to the improved data set on agricultural capital stocks, as well as the methodology used in the study.


Official Documents Official, scanned versions of documents (may include signatures, etc.)
File Type		Description	File Size (mb)

	PDF 37 pages	Official version*	2.59 (approx.)
	Text	Text version**

	See documents related to this project

* The official version is derived from scanning the final, paper copy of the document and is the official,
archived version including all signatures, charts, etc.

** The text version is the OCR text of the final scanned version and is not an accurate representation of the final text.
It is provided solely to benefit users with slow connectivity.

Permanent URL for this page: http://go.worldbank.org/2LU3JSSYD0