This paper makes use of the adjustment cost hypothesis to develop and compare the results of two dynamic input demand models applied to the U.S. cigarette manufcturing. One of the models presented in this paper is the flexible accelerator model and the other is the rational expectation model....

This paper investigates the effect of technological chnage on the demand for, and supply of, hired farm workers in the United Syayes for the period 1950 to 1992. Particular attention is given to the proxy for technological change. We have used total expenditures, both by public and private...

Analysis of demand for pansies and mums sold in independent garden centers indicates that price and age are important factors influencing demand. In the fall of 1996, data were collected from a survey of independent garden centers in North Carolina. Statistical analysis was conducted by...

The paper examines the extent to which exchange rate and unit tariff changes are passed-through in US import prices of unmanufactured Greek oriental tobacco. The results indicate partial pass-through of exchange rates and tariffs. Exchange rate pass-through is about 0.272 and tariff pass-through...

Following the approach of Berndt, Fuss, and Waverman, a dynamic model for U.S. cigarette manufacturing is developed and factor demands estimated. Tobacco and capital stocks are treated as quasi-fixed inputs. The results indicate that there are significant adjustment costs associated with...

The rational expectations approach to adjustment cost models for factor demand is used to develop a dynamic model for US cigarette manufacturing. In the present study dynamic production modelling is extended to the case of multiple outputs. This analysis is the first to address cigarette...

This paper estimates Okun's coefficient for certain regional areas in Greece over the period 1960-1997. Through the Hordic-Prescott filtering anf the band-pass filtering the empirical analysis shows that the coefficient do not exhibits substantial interregional differences, exept for the case of...