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AgEcon Search >
Southern Journal of Agricultural Economics >
Volume 20, Number 02, December 1988 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/29255
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| Title: | FACTOR DEMANDS OF LOUISIANA RICE PRODUCERS: AN ECONOMETRIC INVESTIGATION |
| Authors: | McLean-Meyinsse, Patricia E.
Okunade, Albert Ade. |
| Issue Date: | 1988-12 |
| Abstract: | A Diewert-flexible (dual) cost function was used to derive a system of conditional factor demand equations for Louisiana rice producers. Generalized Leontief cost and factor share equations were fitted for the 1955-87 period using Zellner's SURE system estimation procedure. The Aitken parameter estimates reveal that: (1) the optimal input mix of rice farmers varies with production scale, (2) the factor-augmenting technical change is labor and chemical saving but seed using, (3) pairwise input substitutions are limited, and (4) factor demands are own-price inelastic. An implication is that Louisiana rice farmers will not appreciably alter their factor utilizations when relative input prices change. |
| URI: | http://purl.umn.edu/29255 |
| Institution/Association: | Southern Journal of Agricultural Economics>Volume 20, Number 02, December 1988 |
| Total Pages: | 10 |
| Language: | English |
| From Page: | 127 |
| To Page: | 136 |
| Collections: | Volume 20, Number 02, December 1988
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