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Estimating The Product Revenue Bias Of Technological Change

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  • Adelaja, Adesoji
  • Hoque, Anwarul

Abstract

A joint multi-product model was used to derive measures of marginal rates of product tranformation and the input biases, product biases and rates of technological change. in the West Virginia farm sector. These were used to analyze the effect of technological change on the revenue shares of the economy's sub-sectors presented and applied to data from West Virginia's agricultural sector in order to determine the extent to which technological change has encouraged or discouraged the production of various farm commodity categories.

Suggested Citation

  • Adelaja, Adesoji & Hoque, Anwarul, 1985. "Estimating The Product Revenue Bias Of Technological Change," 1985 Annual Meeting, August 4-7, Ames, Iowa 278649, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea85:278649
    DOI: 10.22004/ag.econ.278649
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    References listed on IDEAS

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    1. Binswanger, Hans P, 1974. "The Measurement of Technical Change Biases with Many Factors of Production," American Economic Review, American Economic Association, vol. 64(6), pages 964-976, December.
    2. C. Richard Shumway & Rulon D. Pope & Elizabeth K. Nash, 1984. "Allocatable Fixed Inputs and Jointness in Agricultural Production: Implications for Economic Modeling," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(1), pages 72-78.
    3. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
    4. C. Richard Shumway, 1983. "Supply, Demand, and Technology in a Multiproduct Industry: Texas Field Crops," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(4), pages 748-760.
    5. V. Eldon Ball & Robert G. Chambers, 1982. "An Economic Analysis of Technology in the Meat Products Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 699-709.
    6. Nadiri, M Ishaq, 1970. "Some Approaches to the Theory and Measurement of Total Factor Productivity: A Survey," Journal of Economic Literature, American Economic Association, vol. 8(4), pages 1137-1177, December.
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