Price-induced technical progress in Italian agriculture
| dc.creator | Esposti, Roberto | |
| dc.creator | Pierani, Pierpaolo | |
| dc.date | 2017-04-01T16:57:32Z | |
| dc.date.accessioned | 2026-07-09T09:29:03Z | |
| dc.description | In this paper we aim at investigating the price-induced innovation hypothesis in Italian agriculture. We generalize the framework of analysis proposed by Peeters and Surry (2000). This generalization includes a short-run specification of the dual technology as well as a quadratic spline in a time variable. We argue that the temporary equilibrium setting gives a more realistic representation of how relative prices may steer innovation and variable input bias over time. The quadratic function has desirable properties with respect to the splined variable, i.e., a more flexible treatment of exogenous technical change. Results provide evidence in favour of the price-induced innovation in Italian agriculture from 1951 to 1991. | |
| dc.identifier | doi:10.22004/ag.econ.207799 | |
| dc.identifier | https://ageconsearch.umn.edu/record/207799/files/RAEStud-89-4-5-28.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/207799 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/609410 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/207799 | |
| dc.title | Price-induced technical progress in Italian agriculture | |
| dc.type | Text |