An Integrated Investment—Supply Response Model for U.S. Agriculture
No 278647, 1985 Annual Meeting, August 4-7, Ames, Iowa from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
A system of dynamic investment demand and output supply equations is consistently estimated utilizing recent advances in dynamic duality theory. Results indicate that labor, capital services, and land adjust sluggishly to relative price changes. This can be construed as a form of asset fixity within aggregate U.S. agriculture.
Keywords: Agricultural Finance; Demand and Price Analysis (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea85:278647
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