Examining irrigation productivity in U.S. agriculture using a single-factor approach

Typical single-factor productivity measures are easy to grasp and to develop but are misleading because they ignore other inputs used in the production process. This study develops a single-factor productivity approach that accounts for conventional inputs as well as observed and unobserved characteristics of the production environment. We then apply this approach to evaluate irrigation productivity in U.S. agriculture using U.S. Department of...