Relative pices and the international comparison of real agricultural output and productivity
Author
Source
Economic Research Forum : Working Paper Series
Issue
Vol. 2000, Issue 200040 (31 Dec. 2000)23 p.
Publisher
Economic Research Forum for the Arab Countries Iran and Turkey
Publication Date
2000-12-31
Country of Publication
Egypt
No. of Pages
23
Main Subjects
Topics
Abstract EN
This article reviews the different methods of constructing multilateral output and productivity indices for agriculture in cross-country panel studies.
We show that various multilateral output indices used by different researchers can have considerable disparities, thus rendering the comparison of the final results problematic.
The production indices produced by the Food and Agricultural Organization of the United Nations (FAO) are increasingly used by researchers as a unique source of data for cross¬country panel studies.
The paper examines the properties of the FAO index, and finds them deficient in paying attention to the problem of loss of characteristicity in a highly heterogeneous panel.
It is shown that the FAO production indices lead to unacceptably large deviations from domestically based production indices in the case of low-income countries.
It is argued further that the use of the FAO production index can lead to spurious results in econometric studies of the links between productivity growth, per capita income, and price levels.
American Psychological Association (APA)
Karshenas, Masud. 2000. Relative pices and the international comparison of real agricultural output and productivity. Economic Research Forum : Working Paper Series،Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-154160
Modern Language Association (MLA)
Karshenas, Masud. Relative pices and the international comparison of real agricultural output and productivity. Economic Research Forum : Working Paper Series No. 200040 (2000).
https://search.emarefa.net/detail/BIM-154160
American Medical Association (AMA)
Karshenas, Masud. Relative pices and the international comparison of real agricultural output and productivity. Economic Research Forum : Working Paper Series. 2000. Vol. 2000, no. 200040.
https://search.emarefa.net/detail/BIM-154160
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references.
Record ID
BIM-154160