Price-induced technical progress in Italian agriculture

Roberto Esposti and Pierpaolo Pierani

Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement (RAEStud), 2008, vol. 89, issue 4

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: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Price-induced technical progress in Italian agriculture (2008)
Working Paper: Price-Induced Technical Progress in Italian Agriculture (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:frraes:207799

DOI: 10.22004/ag.econ.207799

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