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Cost Structure, Interfactor Substitution and Complementarity, and Efficiency in the Canadian Agricultural Sector
Author(s) -
Andrikopoulos Andreas A.,
Brox James A.
Publication year - 1992
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1992.tb03693.x
Subject(s) - complementarity (molecular biology) , economics , production (economics) , capital (architecture) , welfare economics , econometrics , forestry , mathematics , microeconomics , geography , archaeology , genetics , biology
The purpose of this paper is to investigate the cost structure, painvise input relationships and the technological aspects of the Canadian agricultural sector. The theoretical approach applied in this investigation is the CES‐translog production technology in its generalized form. The theoretical model has been tested by using time‐series data (1947‐85) and four factors of production (i.e., land, capital, labor and intermediate inputs). The method used to estimate the model is the full‐information maximum likelihood technique. L'objet de I'article est d'examiner la structure des cofits, les rapports d'intrants en paires et les aspects technologiques du secteur agricole canadien. La demarche theorique utiliske est celle de la fonction de production CES‐translog dans sa forme gknCralisCe. Le modele theorique a ete test6 sur des series chronologiques (1947–1985) et sur quatre facteurs de production: fonds de terre, capital, main‐d'euvre et intrants intermediaires La methode d'estimation du modele est la technique dite de I'information totale‐probabilitk maximale.