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Record W4388046463 · doi:10.1111/cjag.12338

A random walk for agricultural total factor productivity

2023· article· en· W4388046463 on OpenAlexaffvenue
James Vercammen

Bibliographic record

VenueCanadian Journal of Agricultural Economics/Revue canadienne d agroeconomie · 2023
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicEconomic Growth and Productivity
Canadian institutionsUniversity of British Columbia
Fundersnot available
KeywordsTotal factor productivityEconomicsRandom walkAgricultural productivityAgricultureEconometricsProductivityStructural breakAgricultural economicsRelevance (law)StatisticsMathematicsMacroeconomicsGeography

Abstract

fetched live from OpenAlex

Abstract Growth in agricultural total factor productivity (TFP), which explains most of the long‐term growth in U.S. agricultural output, may be slowing. The Economic Research Service (ERS) of the USDA is confident that current levels of below‐average growth will eventually regain the long‐term trend line. Others disagree, arguing instead that due to declining public expenditures on agricultural research, TFP growth experienced a downward and seemingly permanent structural shift about 30 years ago. In this paper, I argue that neither perspective is accurate since agricultural TFP is best modeled as a random walk with drift and thus not governed by a deterministic trend line. When I use a first difference model to accommodate the unit root, I do not find a structural break in the rate of drift. However, I acknowledge that this finding may not be general because I show that my test for a structural break has low power. To add theoretical relevance, I develop a simple model of stochastic innovation and farm technology adoption, and then use simulation results from my model to explain why a random walk for agricultural TFP is a theoretically sound proposition.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame machine prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. The Gemma side is a direct model label for every work in the frame, read from the title-only record. The Codex side is a classifier learned from the 10,348 direct Codex labels and calibrated to design-weighted sample rates; fields without enough sample support carry no Codex call. Candidate is the union of the two sides; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels.

metaresearch head score (Codex)0.003
metaresearch head score (Gemma)0.019
Version: metacan-v3-hybrid-931329e0061cValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Simulation or modeling · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: none
Teacher disagreement score0.986
Threshold uncertainty score0.052

Distilled classifier scores by category (both heads)

CategoryCodexGemma
Metaresearch0.0030.019
Meta-epidemiology (narrow)0.0010.001
Meta-epidemiology (broad)0.0010.002
Bibliometrics0.0020.001
Science and technology studies0.0010.002
Scholarly communication0.0020.004
Open science0.0020.001
Research integrity0.0030.003
Insufficient payload (model declined to judge)0.0160.002

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.039
GPT teacher head0.173
Teacher spread0.134 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one source (direct Gemma or distilled Codex), not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designSimulation or modeling
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations3
Published2023
Admission routes2
Has abstractyes

Explore more

Same venueCanadian Journal of Agricultural Economics/Revue canadienne d agroeconomieSame topicEconomic Growth and ProductivityFrench-language works237,207