The Demand for Inputs and Technical Change in the U.S. Dairy Manufacturing Industry

Wei Zhang and Julian Alston

Agricultural and Resource Economics Review, 2018, vol. 47, issue 3, 533-567

Abstract: The dairy industry is of much interest worldwide because it has been subject to heavy government intervention. Central to the analysis of any dairy policy is a quantitative empirical understanding of the economic relationships in the industry. This paper models and measures the input demand relationships—especially, derived demand for farm milk as a processing input—and the rate and biases of technical change in the U.S. dairy manufacturing industry. Our estimates indicate that the Marshallian own-price elasticity of demand for farm milk is between −0.43 and −1.20. Estimates also indicate that technical change has been capital using and labor saving.

Date: 2018
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