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The Effects of Interest Rates on Agricultural Machinery Investment

Author

Listed:
  • LeBlanc, Michael
  • Hrubovcak, James

Abstract

Changes in real interest rates may affect the rate of adjustment of machinery to optimal levels This finding results from the development and application of a theoretically consistent analytical framework for examining agricultural investment 10 machinery Results from duality theory on restricted variable profit functions are incorporated into a longrun dynamic optimization framework where input use is affected by external adjustment costs

Suggested Citation

  • LeBlanc, Michael & Hrubovcak, James, 1985. "The Effects of Interest Rates on Agricultural Machinery Investment," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 37(3), pages 1-11.
    • Handle: RePEc:ags:uersja:149275
    DOI: 10.22004/ag.econ.149275
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    File URL: https://ageconsearch.umn.edu/record/149275/files/3LeBlanc_37_3.pdf
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    Citations

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    Cited by:

    1. Nielsen, Elizabeth G. & Miranowski, John A. & Morehart, Mitchell J, 1989. "Investments in Soil Conservation and Land Improvements: Factors Explaining Farmers' Decisions," Agricultural Economic Reports 308064, United States Department of Agriculture, Economic Research Service.
    2. Baltas, Nicholas C., 1999. "Private Investment and the Demand for Loanable Funds in the Greek Agricultural Sector," Journal of Policy Modeling, Elsevier, vol. 21(1), pages 67-88, January.

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