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" The machinist's bedside reader : "
written and published by Guy Lautard.
| Document Type
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AL
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| Record Number
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911870
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| Doc. No
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LA92r9j0wj
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| Title & Author
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Fertilizing growth:. Agricultural inputs and their effects in economic development. [Article]\ McArthur, John W; McCord, Gordon C
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| Date
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2017
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| Title of Periodical
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UC San Diego
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| Abstract
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This paper estimates the role of agronomic inputs in cereal yield improvements and the consequences for countries' processes of structural change. The results suggest a clear role for fertilizer, modern seeds and water in boosting yields. We then test for respective empirical links between agricultural yields and economic growth, labor share in agriculture and non-agricultural value added per worker. The identification strategy includes a novel instrumental variable that exploits the unique economic geography of fertilizer production and transport costs to countries' agricultural heartlands. We estimate that a half ton increase in staple yields generates a 14 to 19 percent higher GDP per capita and a 4.6 to 5.6 percentage point lower labor share in agriculture five years later. The results suggest a strong role for agricultural productivity as a driver of structural change.
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