Size and Productivity in the U.S. Milling and Baking Industries

Steven T. Buccola · Yoko Fujii · Yin Xia

13 citations0/0 files storedAmerican Journal of Agricultural Economics

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Agricultural economics and policies Economic Growth and Productivity Efficiency Analysis Using DEA

Abstract

Abstract From the late 1950s through mid‐1990s, productivity growth in U.S. grain milling and feed manufacturing has been consistently strong and positive. In grain milling, approximately 15% of the growth is due to size economies. Technical change has been capital‐using, increasingly material‐saving, and, in recent years, decreasingly labor‐saving or increasingly labor‐using. The quality of capital has risen relative to that of labor and materials. In all but the baking industry, capital intensification and incentives for plant size growth remain unabated.

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References

1989Demand for Farm Output in a Complete System of Demand Functions 1982An Economic Analysis of Technology in the Meat Products Industry 1995Rapid Economic Growth with Increasing Returns to Scale and Little or no Productivity Growth 1997Structural Change, Capital Investment and Productivity in the Food Processing Industry

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2010Competitiveness, Productivity and Efficiency in the Agricultural and Agri-Food Sectors 2005Financial structure, production, and productivity: evidence from the U.S. food manufacturing industry

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