In:
Cahiers d'Economie et sociologie rurales, PERSEE Program, Vol. 8, No. 1 ( 1988), p. 27-45
Abstract:
Input substituability in cereal farms. This paper assumes a short run equilibrium, since family labour and land are considered as fixed input s. Dual approach is used in order to dérive own and cross-price elasticities offactor demand equations. Thus, a restricted translog cost function has been estimated using a sample offarm accounts (n — 58) related to the year 1981. The main results are concerned with short-run elasticities. Significant substitution possibilities between capital and hired labour, capital andfertilizers has been found. At the sample average, technology exhibits postitive economies of scale. Moreover, the family labour shadow price is quite low. Finally, the fixity hypothesis offamily labour and land is relaxed and some insights on long run elasticities are given. Input substituability is still valid in the long run.
Type of Medium:
Online Resource
ISSN:
0755-9208
DOI:
10.3406/reae.1988.1123
Language:
French
Publisher:
PERSEE Program
Publication Date:
1988
detail.hit.zdb_id:
2261915-X
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