Price-induced technical progress in Italian agriculture

Roberto Esposti () and Pierpaolo Pierani
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Pierpaolo Pierani: Department of Economic Policy, Finance and Development, University of Siena Italy

Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, 2008, vol. 89, issue 4, pages 5-28

Abstract: In this paper we aim at investigating the price-induced innovation hypothesis in Italian agriculture. We generalize the framework of analysis proposed by Peeters and Surry (2000). This generalization includes a short-run specification of the dual technology as well as a quadratic spline in a time variable. We argue that the temporary equilibrium setting gives a more realistic representation of how relative prices may steer innovation and variable input bias over time. The quadratic function has desirable properties with respect to the splined variable, i.e., a more flexible treatment of exogenous technical change. Results provide evidence in favour of the price-induced innovation in Italian agriculture from 1951 to 1991.

Keywords: Induced innovation; Italian agriculture; SGM Restricted Cost Function (search for similar items in EconPapers)
Date: 2008
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Related works:
Working Paper: Price-Induced Technical Progress in Italian Agriculture (2006)
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Persistent link: http://EconPapers.repec.org/RePEc:rae:jourae:v:89:y:2008:i:4:p:5-28

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