Abstract
This paper provides a decomposition of productivity growth into its components, namely technical change, returns to scale, and disequilibrium effects of quasi‐fixed factors, within a complete theoretical framework for measurement and attribution using the parametric approach. It also provides an empirical application of the framework to Greek agriculture, which has exhibited a productivity slowdown since the late 1970s. The empirical results indicate that technical change and disequilibrium effects are the main factors affecting productivity change in Greek agriculture. The contribution of the scale effect, although positive, has been quite small. The slowdown in productivity growth in Greek agriculture since the late 1970s is attributed mainly to the market disequilibrium effect of capital induced by the decline in gross capital investment.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
