Price-Induced Technical Progress in Italian Agriculture

Roberto Esposti and Pierpaolo Pierani
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Pierpaolo Pierani: [n.a.]

No 275, Working Papers from Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Abstract: In this paper we aim at investigating the price-induced innovation hypothesis in Italian agriculture. We generalize the framework of analysis proposed by Peeters and Surry (2000). The generalization includes a short-run specification of the dual technology as well as a quadratic spline in a time variable. We argue that the temporary equilibrium setting gives a more realistic representation of how relative prices may steer innovation and variable input bias over time, while the quadratic function has desirable properties with respect the splined variable, i.e., a more flexible treatment of exogenous technical change.;Results provide evidence in favour of price-induced innovation in Italian agriculture over the years 1951 to 1991.

Keywords: SGM restricted cost function; induced innovation; italian agriculture (search for similar items in EconPapers)
JEL-codes: O30 Q16 (search for similar items in EconPapers)
Pages: 32
Date: 2006-11
New Economics Papers: this item is included in nep-agr, nep-eff and nep-ino
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Journal Article: Price-induced technical progress in Italian agriculture (2008)
Journal Article: Price-induced technical progress in Italian agriculture (2008)
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