Stochastic Biases in Disembodied Technical Change within South African Agriculture

Balcombe, Kelvin and Bailey, Alastair and Morrison, Jamie and Rapsomanikis, George and Thirtle, Colin (2000) Stochastic Biases in Disembodied Technical Change within South African Agriculture. Agrekon, 39 (4). pp. 495-503. ISSN 0303-1853. (The full text of this publication is not available from this repository)

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Abstract

This paper examines biased technical change in South African agriculture using a system of share equations with unobserved components. Developing on the work of Lambert and Shonkwiler (1995), this paper generalizes previous work by introducing independent unobserved components into each model using a regression based approach. We find evidence of stochastic technical change which is itself biased between the four factors of production: machinery, land, labour and fertiliser, and which closely reflects distinct phases of South African agricultural policy and development.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculties > Social Sciences > Kent Business School > Agri-Environment Economics
Faculties > Social Sciences > Kent Business School
Depositing User: Alastair Bailey
Date Deposited: 26 May 2009 21:10
Last Modified: 15 Apr 2014 15:28
Resource URI: http://kar.kent.ac.uk/id/eprint/8201 (The current URI for this page, for reference purposes)
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