Labor Requirements Decrease with Larger Herd

Due to a lack of internationally comparable agricultural price data, implicit output/input price ratios are constructed as the reciprocals of input MPPs. The MPPs are estimated by a production function fitted to data from a world cross section of 119 countries. Although the output/purchased...

Favorable conditions existed for world economic growth during the 1980s and early 1990s. Yet real GDP growth rates for 76 out of 87 countries included in this study decreased during this time, relative to the 1968-80 period. The middle income countries experienced the greatest decline in growth...