Returns to Scale in Agriculture: An Empirical Investigation of Japanese Experience.
In this paper a ray-homothetic production function is used to determine returns to scale for Japanese agriculture for the period 1878 to 1940. The advantage of the ray-homothetic function is that it allows returns to scale to vary with both output and factor intensity. The results show that for this period Japanese agriculture operated under conditions of increasing returns to scale. Copyright 1986 by Oxford University Press.
Year of publication: |
1986
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Authors: | Grabowski, Richard ; Sanchez, Onesimo |
Published in: |
European Review of Agricultural Economics. - European Association of Agricultural Economists - EAAE, ISSN 1464-3618. - Vol. 13.1986, 2, p. 189-98
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Publisher: |
European Association of Agricultural Economists - EAAE |
Saved in:
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