Induced Innovation in Italy: An Error Correction Model for the Period 1968-2002

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dc.creatorBaldi, Lucia
dc.creatorCasati, Dario
dc.date2017-04-01T19:26:54Z
dc.date.accessioned2026-07-09T03:47:50Z
dc.descriptionIn this work we utilise CES approach where factor ratios (mechanical power/labour and fertilizer/land) are regressed on price ratios and efficiency parameters (public and private R&D) to obtain a direct test of the induced innovation in Italian case for the period 1968-2002. Provided that inducement hypothesis implies a long run relationship an error correction model (ECM) is estimated to separate long-run effect, that is technological innovation, from short-run effects, that is factors substitution. The results corroborate the induced innovation hypothesis and underline the importance of private R&D in Italian agriculture.
dc.identifierdoi:10.22004/ag.econ.24590
dc.identifierhttps://ageconsearch.umn.edu/record/24590/files/pp05ba05.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/24590
dc.identifier.urihttp://hdl.handle.net/123456789/540011
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/24590
dc.titleInduced Innovation in Italy: An Error Correction Model for the Period 1968-2002
dc.typeText

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