Journal Article

Research and Productivity in Mexican Agriculture

Jorge Fernandez-Cornejo and C. Richard Shumway

in American Journal of Agricultural Economics

Published on behalf of Agricultural and Applied Economics Association

Volume 79, issue 3, pages 738-753
Published in print August 1997 | ISSN: 0002-9092
Published online August 1997 | e-ISSN: 1467-8276 | DOI: http://dx.doi.org/10.2307/1244416
Research and Productivity in Mexican Agriculture

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Partial and total factor productivity (TFP) measures of Mexican agriculture are calculated for 1960–90. The long-run effects of research and international transfer of technology on TFP are examined over the 1940-90 period using cointegration procedures. TFP increased at an average annual rate of 2.5%, exceeding the corresponding growth in the United States (2.1%). TFP grew particularly fast in the 1960s and 1970s. A 1% rise in research investment increased TFP by 0.13%, and a 1% increase in U.S. TFP translated into a 1.11% increase in Mexican TFP. The average annual rate of return to research investment is about 64%.

Keywords: green revolution; Mexican agricultural productivity; returns to agricultural research; O130; Q160

Journal Article.  0 words. 

Subjects: Agricultural Economics ; Economic Development

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