Price-Induced Technological Change in Italian Agriculture: An SGM Restricted Cost Function Approach (1951-91)

Roberto Esposti and Pierpaolo Pierani

No 24662, 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark from European Association of Agricultural Economists

Abstract: This paper aims at investigating the price-induced innovation hypothesis in Italian agriculture over the years 1951 to 1991. Price-inducement hypothesis is analysed and tested within the framework proposed by Peeters and Surry (2000). The major difference is the short-run specification of the dual technology. Distinguishing between variable and quasi-fixed inputs allows both a more realistic representation of how relative prices may affect innovation and input use over time and a detailed decomposition of the relevant biases in input use. Results provide evidence in favour of price-inducement innovation in Italian agriculture.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 16
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae05:24662

DOI: 10.22004/ag.econ.24662

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