The Effects of Interest Rates on Agricultural Machinery Investment

Michael LeBlanc and James Hrubovcak

Journal of Agricultural Economics Research, 1985, vol. 37, issue 3, 11

Abstract: Changes in real interest rates may affect the rate of adjustment of machinery to optimal levels This finding results from the development and application of a theoretically consistent analytical framework for examining agricultural investment 10 machinery Results from duality theory on restricted variable profit functions are incorporated into a longrun dynamic optimization framework where input use is affected by external adjustment costs

Keywords: Agribusiness; Agricultural Finance; Production Economics (search for similar items in EconPapers)
Date: 1985
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersja:149275

DOI: 10.22004/ag.econ.149275

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