THE DEMAND FOR FARM TRACTORS IN THE UNITED STATES
Dean W. Hughes and
John B. Penson
No 283818, 1977 AAEA-WAEA Joint Meeting, July 31-August 3, San Diego, California from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
Several shortcomings are noted in previous studies of the aggregate demand for farm tractors, including the measurement of the cost of capital and capacity depreciation. Empirical results presented in this study show that net investment regressions based upon the USDA's capital series are inferior to those based upon engineering data.
Keywords: Farm; Management (search for similar items in EconPapers)
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