Caunedo, Julieta : Seed Grant, 2014-2015


Julieta Caunedo (Economics)

College of Arts and Sciences
Project Title: 
Capital Obsolescence and Agricultural Productivity
Project Abstract: 
The project funds the compilation of a unique cross-country database on second-hand quotes for agricultural equipment based on online catalogues. A database of such a kind is key for the computation of accurate economic depreciation profiles via hedonic pricing techniques. The measures generated can improve the assessment of capital services and agricultural productivity across regions and countries. Disparities in patterns of capital embodied technology adoption are reflected in second-hand prices of equipment. The researchers will use second-hand prices of tractors to discipline technology adoption patterns predicted by a model. The calibrated model will be able to replicate the cross-country behavior of the relative price of tractors versus that of output in the agricultural sector. Ultimately, it will be used to assess productivity gains from changes in policy that incentivize technology adoption in the agricultural sector.