Authors: V. Eldon Ball, Jean-Pierre Butault, Carlos San Juan Mesonada and Ricardo Mora
Jueves 3 de febrero de 2011, por Carlos San Juan
This study looks at international competitiveness of agriculture in the European Union and the United States. The most intuitive concept is that of price competitiveness. We calculate relative prices for 11 member states of the European Union and the United States for the period 1973–2002. We assume that markets are perfectly competitive and in long-run equilibrium, so that the observed price always equals average total cost, as measured by the cost dual to the production function. This assumption is used in our calculation of relative competitiveness and productivity gaps between the European Union and the United States and in our decomposition of relative price movements between changes in relative input prices and changes in relative productivity levels.
Keywords:Q16;Q17Agriculture;International competitiveness;Relative output and input prices;Relative productivity levels;European Union;United States
Citar como: V. E. Ball, J.-P. Butault, C. San Juan and R. Mora. (2010) Productivity and international competitiveness of agriculture in the European Union and the United States. Agricultural Economics, 41 (6), p. 611-627.