The Dynamics of Latin American Agricultural Production Growth, 1950–2008

Abstract

AbstractThis article is the first of its kind to offer a quantitative estimation of the evolution of Latin American agricultural production and productivity between 1950 and 2008. It also uncovers the extent to which the increases in production were due to increases in factors of production or to efficiency gains. Our findings reveal that efficiency gains made a rather modest contribution to the substantial increase in production, although their role became increasingly large over time and were highly significant between 1994 and 2008. Capital was the most important productive factor in explaining increases in output.