Yujiro Hayami and Vernon W. Ruttan
- Published in print:
- 2011
- Published Online:
- April 2015
- ISBN:
- 9780199754359
- eISBN:
- 9780190261320
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:osobl/9780199754359.003.0004
- Subject:
- Economics and Finance, Macro- and Monetary Economics
This chapter demonstrates the approach used by Vernon Ruttan and Yujiro Hayami in their study, which involves the estimation of a cross-country production function of the Cobb-Douglas type for ...
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This chapter demonstrates the approach used by Vernon Ruttan and Yujiro Hayami in their study, which involves the estimation of a cross-country production function of the Cobb-Douglas type for thirty-eight developed and underdeveloped countries. In the estimation, the differences in agricultural output per worker are accounted for by variations in the level of conventional and non-conventional inputs per worker and classified as internal resource accumulation, technical inputs supplied by the non-agriculture sector, and human capital. The independent variables used in the study include labor, land, livestock, fertilizer, machinery, education, and technical manpower.Less
This chapter demonstrates the approach used by Vernon Ruttan and Yujiro Hayami in their study, which involves the estimation of a cross-country production function of the Cobb-Douglas type for thirty-eight developed and underdeveloped countries. In the estimation, the differences in agricultural output per worker are accounted for by variations in the level of conventional and non-conventional inputs per worker and classified as internal resource accumulation, technical inputs supplied by the non-agriculture sector, and human capital. The independent variables used in the study include labor, land, livestock, fertilizer, machinery, education, and technical manpower.
