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Short- and Long-Run Demand and Substitution of Agricultural Inputs

Jorge Fernandez‐Cornejo

Northeastern Journal of Agricultural and Resource Economics1992https://doi.org/10.1017/s0899367x00002518article
ABDC C
Weight
0.45

What the paper says

Short- and long-run Hicksian and Marshallian elasticities are estimated, along with Morishima elasticities of substitution, using a restricted profit function and a series of decomposition equations. Convexity in prices and concavity in quasi-fixed factors of the restricted profit function are simultaneously imposed using Bayesian techniques. The empirical model is disaggregated in the input side, utilizes a Fuss-quadratic flexible functional form, incorporates the impact of agricultural policies, and introduces a new weather index. The methodology is applied to Illinois's agriculture, and implications for agriculture in the Corn Belt and the Northeast are briefly discussed.

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https://doi.org/https://doi.org/10.1017/s0899367x00002518

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@article{jorge1992,
  title        = {{Short- and Long-Run Demand and Substitution of Agricultural Inputs}},
  author       = {Jorge Fernandez‐Cornejo},
  journal      = {Northeastern Journal of Agricultural and Resource Economics},
  year         = {1992},
  doi          = {https://doi.org/https://doi.org/10.1017/s0899367x00002518},
}

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Short- and Long-Run Demand and Substitution of Agricultural Inputs

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Evidence weight

0.45

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.27 × 0.4 = 0.11
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

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