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Duality And Elasticities Of Substitution Ii: An Empirical Application

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  • van Zyl, J.

Abstract

An analysis was made of potential differences in elasticities of substitution between agricultural inputs over time in different sectors of South African agricultural production. The elasticity of substitution between input pairs in South African agriculture has declined considerably from 1960-1972 to 1973-1985. Total agricultural production seems to have more flexibility in dealing with input price variation than either wheat or maize production as distinct sub-sectors. U.S. agriculture exhibits much more flexibility in dealing with especially machinery price variations. The relative rigidity of the South African agricultural production process may at least partially be attributed to present competitive structures.

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  • van Zyl, J., 1986. "Duality And Elasticities Of Substitution Ii: An Empirical Application," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 25(3), October.
    • Handle: RePEc:ags:agreko:267136
    DOI: 10.22004/ag.econ.267136
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    1. Fuss, Melvyn & McFadden, Daniel & Mundlak, Yair, 1978. "A Survey of Functional Forms in the Economic Analysis of Production," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.),Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 4, McMaster University Archive for the History of Economic Thought.
    2. Fuss, Melvyn & McFadden, Daniel, 1978. "Production Economics: A Dual Approach to Theory and Applications (I): The Theory of Production," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, volume 1, number fuss1978.
    3. Fuss, Melvyn & McFadden, Daniel (ed.), 1978. "Production Economics: A Dual Approach to Theory and Applications," Elsevier Monographs, Elsevier, edition 1, number 9780444850133.
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    1. Sartorius von Bach, Helmke & van Zyl, Johan, 1994. "Elasticities Of Substitution Between Carbohydrates In South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 33(1), March.

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