The performance of the meat products industry, the largest food processing sector in the U.S. in terms of shipment value, is an important issue. A key indicator of its performance is productivity growth, which results in reduction in the cost of production at given input prices. The present study employs...
The grain milling industry has undergone substantial change during the past several decades in technical as well as industry structure. This study seeks to determine how industry performance, as reflected in productivity growth, has varied since the 1950's. Productivity growth is represented primarily by its dual rate, the percentage reduction...
Governments in less developed countries have recognized
in recent years the need to liberalize economic policies in
order to increase efficiency in agricultural commodity
markets. In an attempt to help decision makers assess
alternative choices, most policy studies, however, have
focused on the efficiency norm criterion without much
consideration for...
A cost function characterizes a firm's cost-minimizing behavior. It is defined
as a function of the level of outputs produced and the prices of factors which enter
the production process. Econometric estimation of a cost function allows one to test
hypotheses regarding the structure of cost and the structure of...
Increased competition brought about by trade liberalization has raised the stakes
for improving productivity in U.S. and Canadian food processing. A key element of
productivity growth is technological change, which in turn results from R&D investment.
The present study employs an econometric model to assess rates of technological change
and...
Searching for suitable measures to solve internal economic problems and
promote economic development, many third world countries have switched from
competitive to government-controlled trade of their agricultural staples. Such
government intervention has failed in many LDCs and researchers have
formulated models and made suggestions to alleviate the resulting distortions.
Modelling...