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