A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS

An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a whole. The implications for forecasting and for policy instruments, such as the investment allowance, are discussed.

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Year of publication:	1985
Authors:	Vanzetti, David ; Quiggin, John C.
Published in:	Australian Journal of Agricultural Economics. - Australian Agricultural and Resource Economics Society - AARES. - Vol. 29.1985, 02
Publisher:	Australian Agricultural and Resource Economics Society - AARES
Subject:	Demand and Price Analysis \| Research Methods/ Statistical Methods

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005220718