Work

Dynamic Factor Demands for Aggregate Southeastern United States Agriculture

Year: 1985

Type: article

Abstract: A four equation input demand system for aggregate Southeastern United States agriculture consistent with dynamic optimizing behavior is specified and estimated. Labor and materials are considered as variable inputs while land and capital are treated as quasi-fixed inputs. It is found that the adjustment rates for capital and land differ considerably and are interdependent. Further, the data appear consistent with the existence of an aggregate production technology and the hypothesized optimizing behavior.

Source: Journal of Agricultural and Applied Economics

DOI: 10.1017/s0081305200025000

Authors: Timothy G. Taylor, Michael J. Monson

Institution: University of Florida

Language: English

Topic: Agricultural economics and policies

Subfield: Safety Research

Field: Social Sciences

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2103758396