@article{Mergos:174296,
      recid = {174296},
      author = {Mergos, George J. and Stoforos, Ch.E.},
      title = {Fertilizer demand in Greece},
      journal = {Agricultural Economics: The Journal of the International  Association of Agricultural Economists},
      address = {1997-08},
      number = {968-2016-75268},
      pages = {10},
      year = {1997},
      abstract = {Limiting fertilizer use is becoming an important policy  objective world-wide. However, the debate on appropriate  policy measures is far
from settled and evidence on  fertilizer demand elasticities is still insufficient. Past  studies on fertilizer demand leave several  methodological
and empirical issues open. This paper aims  to contribute to the debate on the methodology of  estimating fertilizer demand using
single-equation methods.  Dynamic aspects are also considered using error-correction  modelling methodology and cointegration techniques.
The  model is applied using data from Greece. Short-run and  long-run price elasticities of fertilizer demand with  respect to own price and to
output prices show significant  response to price changes and the adjustment coefficient of  fertilizer use to the error-correction term was
found to be  fairly rapid. The main policy conclusion of the paper is  that reducing agricultural support may be an alternative  and, perhaps,
more effective way of reducing fertilizer  demand than increasing fertilizer prices. © 1997 Elsevier  Science B. V.},
      url = {http://ageconsearch.umn.edu/record/174296},
      doi = {https://doi.org/10.22004/ag.econ.174296},
}