The Effects of Tax Policy on Investment in Agriculture.

The effects of tax policy on agricultural investment are investigated by estimating a dynamic interrelated input demand system. Net investment is specified to give rise to increasing internal costs of adjustment, resulting in capital inputs being quasi-fixed. The system of demand equations is derived by incorporating a quadratic normalized restricted cost function into a long-run dynamic optimization framework. Copyright 1991 by MIT Press.

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Year of publication:	1991
Authors:	Halvorsen, Robert
Published in:	The Review of Economics and Statistics. - MIT Press. - Vol. 73.1991, 3, p. 393-400
Publisher:	MIT Press

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005815514