Measures of Fixed Capital in Agriculture

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dc.creatorButzer, Rita
dc.creatorMundlak, Yair
dc.creatorLarson, Donald F.
dc.date2012-03-19T18:42:46Z
dc.date2012-03-19T18:42:46Z
dc.date2010-11-01
dc.date.accessioned2026-07-01T00:32:31Z
dc.descriptionCapital is a fundamental component of agricultural production, and the accumulation of capital is key to growth in agriculture and the process of development. Unfortunately, cross-country data sets on agricultural fixed capital are rare. Using a common methodology that allows comparisons across countries, as well as over time, this paper introduces a data series on fixed capital in agriculture, based on national accounts data. The fixed capital measure differs remarkably from the Food and Agriculture Organization's data series on tractors, which has been widely utilized as a proxy for agricultural fixed capital. The authors construct comparable measures of capital in livestock and tree stock. They examine the evolution of the capital stocks from 1970 to 2000, paying particular attention to the changing composition of agricultural capital, as well as differences in the accumulation of capital for high-income and middle and lower-income countries. Using the capital measures in agricultural productivity analyses, the data yield estimated input elasticities substantially different from those found previously in the literature. The authors show explicitly that this is due to the improved data set on agricultural capital stocks, as well as the methodology used in the study.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20101109102000
dc.identifierhttps://hdl.handle.net/10986/3954
dc.identifier10.1596/1813-9450-5472
dc.identifier.urihttp://hdl.handle.net/123456789/405690
dc.languageEnglish
dc.relationPolicy Research working paper ; no. WPS 5472
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectAFFILIATED ORGANIZATIONS
dc.subjectAGRICULTURAL DEVELOPMENT
dc.subjectAGRICULTURAL ECONOMICS
dc.subjectAGRICULTURAL OUTPUT
dc.subjectAGRICULTURAL PRODUCTION
dc.subjectAGRICULTURAL RESEARCH
dc.subjectAGRICULTURE
dc.subjectASSETS
dc.subjectAVERAGE ANNUAL GROWTH
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL INPUT
dc.subjectCAPITAL INTENSITY
dc.subjectCAPITAL INVESTMENT
dc.subjectCAPITAL INVESTMENTS
dc.subjectCAPITAL STOCK
dc.subjectCAPITAL STOCKS
dc.subjectCAPITAL-LABOR
dc.subjectCAPITAL-LABOR RATIO
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMPARATIVE ANALYSES
dc.subjectCROPS
dc.subjectDATA AVAILABILITY
dc.subjectDEFLATORS
dc.subjectDEMOCRACY
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPING ECONOMIES
dc.subjectDEVELOPMENT ECONOMICS
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMETRICS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC ENVIRONMENT
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMICS
dc.subjectELASTICITY
dc.subjectEQUIPMENT
dc.subjectEXCHANGE RATES
dc.subjectEXPENDITURES
dc.subjectEXTENSION
dc.subjectFARM STRUCTURES
dc.subjectFERTILIZERS
dc.subjectFIXED ASSETS
dc.subjectFIXED CAPITAL
dc.subjectFIXED COSTS
dc.subjectFIXED INVESTMENT
dc.subjectFIXED INVESTMENTS
dc.subjectFOOD PRODUCTION
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectINCOME
dc.subjectINCOME GROUP
dc.subjectINCOME GROUPS
dc.subjectINFLATION
dc.subjectINFLATION RATES
dc.subjectINTEGRATION
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORY
dc.subjectLABOR FORCE
dc.subjectLEVEL OF TECHNOLOGY
dc.subjectLIVESTOCK
dc.subjectLOCAL CURRENCY
dc.subjectLOW INCOME
dc.subjectLOW-INCOME COUNTRIES
dc.subjectMARKET PRICES
dc.subjectMARKET RISK
dc.subjectNATURAL ENDOWMENTS
dc.subjectOUTPUT RATIO
dc.subjectOUTPUTS
dc.subjectPRICE VOLATILITY
dc.subjectPRODUCTION COSTS
dc.subjectPRODUCTION EFFICIENCY
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTION FUNCTIONS
dc.subjectPRODUCTION STRUCTURE
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY CHANGE
dc.subjectPRODUCTIVITY GROWTH
dc.subjectR&D
dc.subjectRAPID GROWTH
dc.subjectREAL INTEREST RATE
dc.subjectRELATIVE PRICES
dc.subjectRURAL DEVELOPMENT
dc.subjectSHADOW PRICES
dc.subjectSTRUCTURAL CHANGE
dc.subjectTECHNICAL PROGRESS
dc.subjectTECHNOLOGICAL CHANGE
dc.subjectTERMS OF CAPITAL
dc.subjectTFP
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectVALUE OF OUTPUT
dc.subjectVARIABLE INPUTS
dc.subjectWATER RESOURCES
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectYIELD
dc.titleMeasures of Fixed Capital in Agriculture

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