Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity
Garcia-Verdu, Rodrigo, Meyer-Cirkel, Alexis, Sasahara, Akira, Weisfeld, Han
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.
- Издательство:
- INTERNATIONAL MONETARY FUND
- Год издания:
- 2019
- ISBN:
- 978-1-4843-9382-6
- ISBN:
- 978-1-4983-0083-4