The aim of this paper is to measure the shadow pric e of human capital in EU agriculture and to determin e whether the CAP has affected the productivity of this growth-enha ncing factor. For this purpose, we used the balance sheet data for the period 1986-2012, referring to the Standard Res ults of the EU Farm Accountancy Data Network (FADN) f arm, which is representative of commercial agriculture at regi onal level. Data concerning output and input price indices and education attainment levels were obtained from Euro stat and from national FADNs. DEA-VRS input-oriented an nual frontiers were computed to estimate the shadow pric e of three levels of human capital: low, medium and high. The results show an increasing trend in the shadow pric es of human capital and suggest that the shadow pri ce of the high level of human capital has been significantly great er than the shadow price of the medium level of hum an capital since 1990.
Shadow prices of human capital in agriculture. Evidence from European FADN regions, CSEF Working Papers, N. 415, 2015
DE DEVITIIS, BIAGIA;
2015-01-01
Abstract
The aim of this paper is to measure the shadow pric e of human capital in EU agriculture and to determin e whether the CAP has affected the productivity of this growth-enha ncing factor. For this purpose, we used the balance sheet data for the period 1986-2012, referring to the Standard Res ults of the EU Farm Accountancy Data Network (FADN) f arm, which is representative of commercial agriculture at regi onal level. Data concerning output and input price indices and education attainment levels were obtained from Euro stat and from national FADNs. DEA-VRS input-oriented an nual frontiers were computed to estimate the shadow pric e of three levels of human capital: low, medium and high. The results show an increasing trend in the shadow pric es of human capital and suggest that the shadow pri ce of the high level of human capital has been significantly great er than the shadow price of the medium level of hum an capital since 1990.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
