Journal of Agricultural and Applied Economics · 1985 · 48 citations · 14 references
AgricultureAgricultural EconomicsNatural Resource EconomicsAgribusiness EconomicsCrop ProductionProduction EconomicsAggregate DemandAgricultural Production EconomicsAgricultural Production SystemsAgricultural SystemsInput DemandLabor Use In AgricultureAggregate Production FunctionAgricultural Land DemandAgricultural Output ModelingDynamic Input DemandDynamic Production DecisionsInput Demand EstimationInput Demand Theory
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.
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Exact and superlative index numbers
Walter Diewert · Journal of Econometrics · 1976 · 2.2K citations
Estimation and Inference in Nonlinear Structural Models
Ernst R. Berndt, Bronwyn H. Hall, Robert E. Hall et al. · RePEc: Research Papers in Economics · 1974 · 2K citations