 Induced Innovation in the High Rainfall ZoneJohn F. Martin Review of Marketing and Agricultural Economics, 1982, vol. 50, issue 03, 20 Abstract: The induced innovation hypothesis states that the direction of technical change is determined by changes in relative input prices acting as a "spur to invention". To determine the validity of this hypothesis for the High Rainfall Zone of the Australian sheep industry, technical change biases for five input categories were measured using time series data for the period 1952-53 to 1976-77. These biases were then related to relative changes in the price of these input categories. The biases were measured by the application of a translog cost function model and suggested that, in general, technical change has been biased toward the saving of labour and land, the using of livestock, and neutral in regard to capital, and possibly materials and services. Comparison of the ranking of the measured biases with that of the relative price changes indicated that all results, except those for capital, were in general conformity with the induced innovation hypothesis. Finally, the deficiencies of the model and implications of the results are discussed. Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:ags:remaae:12522 Access Statistics for this article More articles in Review of Marketing and Agricultural Economics from Australian Agricultural and Resource Economics Society Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.