Factor Substitution and Technical Change in Bangladesh Agriculture

Bilkis Raihana ()
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Bilkis Raihana: Assistant Professor, Department of Economics, Asian University of Bangladesh.

Bangladesh Development Studies, 2012, vol. 35, issue 4, 75-86

Abstract: This empirical study on factor substitution and technical change in Bangladesh agriculture uses the translog cost function which belongs to the family of flexible forms and does not a priori restrict the value of the elasticity of substitution. Using the function, both substitutability and complementarity relationships between inputs are found in Bangladesh agriculture. Most of the own elasticities of demand for farm inputs are found to be less than one. There are also evidence of land and labour saving technical changes and presence of fertiliser and irrigation using technical changes.

Keywords: Translog Cost Function; Factor Substitution; Technical Change; Bangladesh; Agriculture (search for similar items in EconPapers)
JEL-codes: D04 D23 D24 O33 Q16 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (2)

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