The role of resource reallocation in promoting total factor productivity growth: Insights from China’s agricultural sector

Author(s):  
Hongyun Zheng ◽  
Wanglin Ma
2018 ◽  
Vol 10 (1) ◽  
pp. 16 ◽  
Author(s):  
Morteza Tahamipour ◽  
Mina Mahmoudi

This study provides the theoretical framework and empirical model for productivity growth evaluations in agricultural sector as one of the most important sectors in Iran’s economic development plan. We use the Solow residual model to measure the productivity growth share in the value-added growth of the agricultural sector. Our time series data includes value-added per worker, employment, and capital in this sector. The results show that the average total factor productivity growth rate in the agricultural sector is -0.72% during 1991-2010. Also, during this period, the share of total factor productivity growth in the value-added growth is -19.6%, while it has been forecasted to be 33.8% in the fourth development plan. Considering the effective role of capital in the agricultural low productivity, we suggest applying productivity management plans (especially in regards of capital productivity) to achieve future growth goals.


2008 ◽  
Vol 19 (4) ◽  
pp. 580-593 ◽  
Author(s):  
Po-Chi CHEN ◽  
Ming-Miin YU ◽  
Ching-Cheng CHANG ◽  
Shih-Hsun HSU

1997 ◽  
Vol 162 ◽  
pp. 99-111 ◽  
Author(s):  
Nicholas Oulton

This paper argues that the greater part of economic growth can be accounted for by the accumulation of human and physical capital. The role of externalities is relatively small. This view is defended by reviewing the most sophisticated growth accounting studies and also by presenting some new evidence on the growth of total factor productivity in 53 countries over the period 1965 to 1990.


2018 ◽  
Vol 7 (1) ◽  
pp. 47 ◽  
Author(s):  
Gloria Clarissa O. Dzeha ◽  
Festus Ebo Turkson ◽  
Elikplimi Komla Agbloyor ◽  
Joshua Yindenaba Abor

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