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ABSTRACT Most economic studies assume that factor shares are constant across countries and sectors. This article calculates factor shares in the agricultural sector across all US states and shows that… Click to show full abstract
ABSTRACT Most economic studies assume that factor shares are constant across countries and sectors. This article calculates factor shares in the agricultural sector across all US states and shows that there are huge differences, which can be explained by crop composition. In states that focus on more labour-intensive crops, such as fruits, the share of income going to labour is larger than in grain-growing states.
Keywords:
income shares;
right agriculture;
getting income;
income;
shares right
Journal Title: Applied Economics Letters
Year Published: 2018
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Journal Title: Applied Economics Letters
Year Published: 2018
Link to full text (if available)
Share on Social Media: Sign Up to like & get
recommendations!