A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS

David Vanzetti () and John Quiggin

Australian Journal of Agricultural Economics, 1985, vol. 29, issue 2, 20

Abstract: An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a whole. The implications for forecasting and for policy instruments, such as the investment allowance, are discussed.

Keywords: Demand and Price Analysis; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Date: 1985
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Citations: View citations in EconPapers (4)

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Journal Article: A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS (1985)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:ajaeau:22521

DOI: 10.22004/ag.econ.22521

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