The Generation of Output Supply and Input Demand Elasticities for a Johansen-Type Model of the Irish Agricultural Sector

Gerard Boyle and Donal O'Neill

European Review of Agricultural Economics, 1990, vol. 17, issue 4, 387-405

Abstract: This paper attempts the estimation of an integrated output supply and input demand system for the Irish agricultural sector. The objective of the exercise is the generation of a set of elasticities to be used in the construction of a Johansen-type model of the sector. Drawing on separability principles, the estimation problem is divided into three levels: the estimation of an aggregate profit function; a revenue function for aggregate output; a revenue function for aggregate tillage output; and a cost function for aggregate fertilizer consumption. Elasticities are obtained for each level and the integrated production system. Copyright 1990 by Oxford University Press.

Date: 1990
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