THE EFFECTS OF BIOTECHNOLOGY ON PRODUCTIVITY AND INPUT DEMANDS IN U.S. AGRICULTURE
| Autor: | Kyle W. Stiegert, Jean-Paul Chavas, Guanming Shi, Richard F. Nehring |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
business.industry Technological change 05 social sciences Agricultural and Biological Sciences (miscellaneous) Biotechnology Agriculture 0502 economics and business Economics National level 050202 agricultural economics & policy 050207 economics Agricultural productivity business Productivity |
| Zdroj: | Journal of Agricultural and Applied Economics. 50:387-407 |
| ISSN: | 2056-7405 1074-0708 |
| DOI: | 10.1017/aae.2018.6 |
| Popis: | U.S. agriculture has seen a rapid adoption of biotechnology over the last two decades. This study investigates how biotechnology has affected U.S. farm input demand and agricultural productivity. The analysis relies on data at the national level and at the state level for selected states in the Corn Belt. It evaluates the rate of technological change and price elasticities of demand for agricultural inputs over time. The study documents the evolving biases in technological change in agriculture. It finds evidence that farm input demands have become more price inelastic. |
| Databáze: | OpenAIRE |
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