Economics theorists for years have considered the possibility that the direction of technical change is altered by changes in relative prices. Prices also have been identified as one of the determinants of technical change through innovation. This article extends the theory of the firm to cover...

Recent studies have revealed that less developed countries (LDCs) have been taxing their agricultural sectors at rates of 40-50%. This study uses quantity-based general equilibrium measures of deadweight loss to evaluate the cost of these distortions in 18 of these countries. The Allais-Debreu...

Griliches' k-shift, a crucial parameter in the welfare evaluation of technological change, is shown to be equal to the radial rate of technological change plus a vector of commodity bias parameters obtained from the distance function. The analysis permits decomposition of sectoral productivity...

Traditional measures of technological change, such as the rate of technical change, are based on producer-oriented prices. Here, we employ a general equilibrium analysis of an open economy to examine how the consumer welfare gain from a technological change, measured as Hicksian equivalent...

This paper examines changes in agricultural productivity in 18 developing countries over the period 1961-1985. We use a nonparametric, output-based Malmquist index and a parametric variable coefficients Cobb-Douglas production function to examine, whether our estimates confirm results from other...

Books reviewed include: Review of World Development Report 2000/2001: "Attacking Poverty", World Bank; CAP Regimes and the European Countryside by F. Brouwer and P. Lowe; Organisation for Economic Co-operation and Development, Income Risk Management in Agriculture; Agriculture and Economic Growth:...