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Productivity and international competitiveness of agriculture in the European Union and the United States

Permanent URL:
http://handle.nal.usda.gov/10113/47198
File:
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Abstract:
This study looks at international competitiveness of agriculture in the European Union and the United States. The most intuitive concept is that of price competitiveness. We calculate relative prices for 11 member states of the European Union and the United States for the period 1973-2002. We assume that markets are perfectly competitive and in long-run equilibrium, so that the observed price always equals average total cost, as measured by the cost dual to the production function. This assumption is used in our calculation of relative competitiveness and productivity gaps between the European Union and the United States and in our decomposition of relative price movements between changes in relative input prices and changes in relative productivity levels.
Author(s):
Ball, V. Eldon , Butault, Jean-Pierre , Juan, Carlos San , Mora, Ricardo
Subject(s):
European Union , productivity , agriculture , prices , methodology , economic analysis , United States
Format:
p. 611-627.
Note:
Includes references
Source:
Agricultural economics the journal of the International Association of Agricultural Economists 2010 Nov., v. 41, no. 6
Language:
English
Publisher:
Blackwell Publishing Inc
Year:
2010
Collection:
Journal Articles, USDA Authors, Peer-Reviewed
Rights:
Works produced by employees of the U.S. Government as part of their official duties are not copyrighted within the U.S. The content of this document is not copyrighted.