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Testing Short-Run Factor Demand Models in Canadian and U.S. Agriculture

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  • J. Friesen
  • S. Capalbo
  • M. Denny

Abstract

Equilibrium factor demand models are being replaced by a variety of short-run and dynamic models in empirical production research. In this paper, the authors provide evidence on the usefulness of short-run production models in aggregate Canadian and American agriculture from 1961 to 1982. They offer an alternative data-based dynamic model which encompasses the short-run model. This permits them to test for the short-run models and for two simple dynamic models in favor of their most general dynamic model.

Suggested Citation

  • J. Friesen & S. Capalbo & M. Denny, 1991. "Testing Short-Run Factor Demand Models in Canadian and U.S. Agriculture," Canadian Journal of Economics, Canadian Economics Association, vol. 24(3), pages 624-637, August.
    • Handle: RePEc:cje:issued:v:24:y:1991:i:3:p:624-37
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