The Effect of Technology on the Farm Labor Market

Larry L. Bauer

American Journal of Agricultural Economics, 1969, vol. 51, issue 3, 605-618

Abstract: The primary purpose of this paper was to estimate the time path of the effect of technology, as measured by research and extension expenditures, on the farm labor market. A distributed lag function was estimated by incorporating the concept of rational distributed lag functions, as developed by Dale Jorgenson, into a simultaneous equation model of the farm labor market. The estimated lag distribution, even though quite long, had a "hump" as hypothesized. The implicit production function implied a positive payoff to the economy from research and extension expenditures.

Date: 1969
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:51:y:1969:i:3:p:605-618.

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