The dynamics of Latin American agricultural production growth since 1950

Produced by: 
Available from: 
April 2016
Paper author(s): 
Miguel Martín-Retortillo
Vicente Pinilla
Jackeline Velazco
Henry Willebald
Topic: 
Agricultural - Natural Resource Economics
Year: 
2016

Since 1950 profound changes, such as new technological innovations or changes in agricultural and trade policies took place in the Latin American agriculture. This article aims to analyse the dynamics of the growth of Latin American agricultural production between 1950 and 2008. It explores whether the increases in agricultural production have been due to increases in the use of production factors, or whether production increases have been due to efficiency gains. Our findings suggest that efficiency gains made a rather modest contribution to the important increase in production; this increase was principally the result of the use of capital. This was the most important productive factor in explaining increases in output, together with more moderate increases in the use of land and labour. 

ACCESS PAPER

Research section: 
Latest Research
Share this