Comparisons of Capital Stock and Capital Services in OECD Agriculture, 1973-2011

主讲人: 盛誉

CV: Upload/File/2018/6/20180604103735472.pdf

主持人: 许永洪

 Abstract: This paper provides a farm sector comparison of relative levels of capital input for 17 OECD countries for the period 1973-2011, with an explicit distinction between land and depreciable assets. Methodologically, we adopt the constant efficiency model to derive capital services from capital stocks and construct the purchasing power parity between countries for cross-country comparison. Our estimates show that, after accounting for cyclical fluctuation in the relative price of capital inputs, fifteen of the sixteen countries in the comparison had higher levels of capital input relative to the United States in 2011 than at the beginning of the sample period in 1973. Moreover, our analysis shows that increases in relative capital use on farms in OECD countries were accompanied by change in the structure of the capital input, away from land and towards depreciable capital items.

时间: 2018-06-07(Thursday)16:40-18:00
地点: D236, Econ Building
期数: 统计系独立讲座
主办单位: SOE&WISE
承办单位: 统计系
类型: 独立讲座