Dynamic Factor Demands for Aggregate Southeastern United States Agriculture

A four equation input demand system for aggregate Southeastern United States agriculture consistent with dynamic optimizing behavior is specified and estimated. Labor and materials are considered as variable inputs while land and capital are treated as quasi-fixed inputs. It is found that the adjustment rates for capital and land differ considerably and are interdependent. Further, the data appear consistent with the existence of an aggregate production technology and the hypothesized optimizing behavior.


Subject(s):
Issue Date:
1985-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/37202
Published in:
Southern Journal of Agricultural Economics, Volume 17, Number 2
Page range:
1-9
Total Pages:
9




 Record created 2017-04-01, last modified 2017-05-15

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