RESHAPING THE LANDSCAPE: THE IMPACT AND DIFFUSION OF THE TRACTOR IN AMERICAN AGRICULTURE, 1910–1960
Alan Olmstead and
Paul Rhode
The Journal of Economic History, 2001, vol. 61, issue 3, 663-698
Abstract:
This article analyzes the revolutionary impact the tractor had on rural America and examines the economic, technological, and institutional factors governing the machine's diffusion. Our simultaneous-equation regression model helps decipher the complex relationship between farm scale and diffusion. In addition, analyzing diffusion as a capital replacement problem reveals that the shift to the new technology was far more rapid than what has generally been thought and provides a new perspective on the long co-existence of both horses and tractors on farms.
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jechis:v:61:y:2001:i:03:p:663-698_03
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