Unpacking the Agricultural Black Box: The Rise and Fall of American Farm Productivity Growth
分析美国农业生产力增长百年模式,发现20世纪中期激增后显著放缓,并检验了研发知识存量、技术发明集群和结构转型三种解释。
Has the golden age of U.S. agricultural productivity growth ended? We analyze the detailed patterns of productivity growth spanning a century of profound changes in American agriculture. We document a substantial slowing of U.S. farm productivity growth, following a late mid-century surge—20 years after the surge and slowdown in U.S. industrial productivity growth. We posit and empirically probe three related explanations for this farm productivity surge-slowdown: the time path of agricultural R&D-driven knowledge stocks; a big wave of technological progress associated with great clusters of inventions; and dynamic aspects of the structural transformation of agriculture, largely completed by 1980.