The Role of Education in the Dynamics of Supply

Todd E. Petzel

American Journal of Agricultural Economics, 1978, vol. 60, issue 3, 445-451

Abstract: This paper offers a synthesis of Nerlovian supply dynamics and the recent work on the role of education in entrepreneurial decision making. The model is tested by looking at the dynamics of soybean supply for U.S. counties from 1947 to 1973. Rates of adjustment to long-run equilibrium are found to depend on several variables, including education of the decision maker.

Date: 1978
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Persistent link: https://EconPapers.repec.org/RePEc:oup:ajagec:v:60:y:1978:i:3:p:445-451.

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