Testing Short-Run Factor Demand Models in Canadian and U.S. Agriculture.
Equilibrium factor demand models are being replaced by a variety of short-run and dynamic models in empirical production research. In this paper, the authors provide evidence on the usefulness of short-run production models in aggregate Canadian and American agriculture from 1961 to 1982. They offer an alternative data-based dynamic model which encompasses the short-run model. This permits them to test for the short-run models and for two simple dynamic models in favor of their most general dynamic model.
Year of publication: |
1991
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Authors: | Friesen, J. ; Capalbo, S. ; Denny, M. |
Published in: |
Canadian Journal of Economics. - Canadian Economics Association - CEA. - Vol. 24.1991, 3, p. 624-37
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Publisher: |
Canadian Economics Association - CEA |
Saved in:
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