Testing Short-Run Factor Demand Models in Canadian and U.S. Agriculture

Jane Friesen, Susan Capalbo and Michael Denny

Canadian Journal of Economics, 1991, vol. 24, issue 3, 624-37

Abstract: Equilibrium factor demand models are being replaced by a variety of short-run and dynamic models in empirical production research. In this paper, the authors provide evidence on the usefulness of short-run production models in aggregate Canadian and American agriculture from 1961 to 1982. They offer an alternative data-based dynamic model which encompasses the short-run model. This permits them to test for the short-run models and for two simple dynamic models in favor of their most general dynamic model.

Date: 1991
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