INCORPORATING TECHNOLOGICAL CHANGE IN ECONOMIC RELATIONSHIPS: AN APPLICATION TO THE DEMAND FOR FORMULA FEED IN FRANCE

Yves Surry and Karl Meilke

No 278987, 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The use of a linear time trend as a proxy for technological change in economic relationships often leads to unsatisfactory econometric results. An alternative procedure based on variational parameter procedures is proposed and applied to the demand for formula feed, fed to hogs, in France. The need to incorporate the technological diffusion process provides the theoretical justification for the procedures used, while the empirical results are quite encouraging.

Keywords: International; Development (search for similar items in EconPapers)
Pages: 14
Date: 1980-07
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea80:278987

DOI: 10.22004/ag.econ.278987

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