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Agricultural Product Supplies and Input Demands: Regional Comparisons
Author(s) -
Shumway C. Richard,
Alexander William P.
Publication year - 1988
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1241985
Subject(s) - product (mathematics) , agriculture , production (economics) , supply and demand , economics , econometric model , diversity (politics) , government (linguistics) , estimation , econometrics , agricultural economics , microeconomics , geography , mathematics , political science , linguistics , philosophy , geometry , management , archaeology , law
Supply equations for five output groups and demand equations for four input groups in ten regions of the United States are estimated and evaluated. The econometric estimation is conducted for complete regional product supply and input demand systems subject to competitive theory. The results document the extreme diversity of production relationships within the United States. They clearly indicate the unequal effects of changes in economic conditions and government policies on major production regions.