Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity
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Summary:
This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting agricultural TFP are analyzed in detail – imported intermediate inputs and climate. We first show that these two factors are independently important in explaining agricultural TFP – imported inputs raise agricultural TFP; and higher temperatures and rainfall shortages impede TFP growth, particularly in low-income countries (LICs). We also provide a new evidence that, within LICs, those with a higher import component of intermediate inputs seem to be more shielded from the negative impacts of weather shocks.
Series:
Working Paper No. 2019/026
Subject:
Agricultural production Agricultural sector Economic sectors Labor National accounts Personal income Production Total factor productivity
English
Publication Date:
February 4, 2019
ISBN/ISSN:
9781484393826/1018-5941
Stock No:
WPIEA2019026
Pages:
50
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