000165874 001__ 165874
000165874 005__ 20180122232308.0
000165874 037__ $$a425-2016-27188
000165874 041__ $$aen_US
000165874 084__ $$aQ12
000165874 084__ $$aD92
000165874 245__ $$aElasticity of Substitution and Farm Heterogeneity in TFP and Size: A Theoretical Framework and Empirical Application to Australian Broadacre Farms
000165874 260__ $$c2014
000165874 269__ $$a2014
000165874 300__ $$a22
000165874 336__ $$aConference Paper/ Presentation
000165874 520__ $$aThis paper develops a theoretical model to examine the relationship between the input elasticity of (technical) substitution and both farm total factor productivity and size. In the presence of ongoing technical change and its factor bias, the ‘income effect’ arising from farms’ cost minimizing behaviour enables them to increase productivity by saving inputs or, through the dual equivalent, enlarging farm size. As such, farms with higher elasticities of substitution tend to grow larger and become more productive, which provides a new mechanism through which farm heterogeneity in productivity growth can be examined. Empirical evidence from Australian broadacre agriculture supports this theory and points to important policy implications.
000165874 542__ $$fLicense granted by Allison Hasslen (hassl020@umn.edu) on 2014-04-08T14:27:07Z (GMT):

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000165874 650__ $$aFinancial Economics
000165874 650__ $$aProduction Economics
000165874 650__ $$aProductivity Analysis
000165874 6531_ $$aElasticity of Technical Substitution
000165874 6531_ $$aTotal Factor Productivity
000165874 6531_ $$aIncome Effect
000165874 773__ $$d2014
000165874 8564_ $$s1221574$$uhttp://ageconsearch.umn.edu/record/165874/files/Sheng%20CP.pdf
000165874 887__ $$ahttp://purl.umn.edu/165874
000165874 909CO $$ooai:ageconsearch.umn.edu:165874$$pGLOBAL_SET
000165874 912__ $$nSubmitted by Allison Hasslen (hassl020@umn.edu) on 2014-04-08T14:36:31Z
No. of bitstreams: 1
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000165874 912__ $$nMade available in DSpace on 2014-04-08T14:36:31Z (GMT). No. of bitstreams: 1
Sheng CP.pdf: 1221574 bytes, checksum: b0201820bfc1e3fcaa031ea2e121a9f6 (MD5)
  Previous issue date: 2014
000165874 982__ $$gAustralian Agricultural and Resource Economics Society>2014 Conference (58th), February 4-7, 2014, Port Macquarie, Australia
000165874 980__ $$a425