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Dynamic Decomposition of Total Factor Productivity Change in the EU Food, Beverages, and Tobacco Industry: The Effect of R&D AgEcon
Emvalomatis, Grigorios; Stefanou, Spiro E.; Oude Lansink, Alfons G.J.M..
The main objective of this paper is to generate measures of TFP change for the food, beverages, and tobacco industry in the EU. Explicitly taking into account the fact that some of the inputs used in the industry are fixed in the short run, the generated measures of TFP change reflects the dynamic nature of the problem. The second objective is to analyse TFP change into its components and explicitly examine the effect of Research and Development (R&D) effort on TFP growth. Data are collected from EU KLEMS and the OECD Structural Analysis database. The data contain country-level information on output volume, input prices and capital stock, as well as R&D expenditure for the food, beverages, and tobacco industry for the 15 “old” EU Member States....
Tipo: Conference Paper or Presentation Palavras-chave: TFP change; Food Industry; R&D.; Agricultural and Food Policy.
Ano: 2009 URL: http://purl.umn.edu/58011
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