Baldi, Lucia; Casati, Dario - European Association of Agricultural Economists - EAAE - 2005
price ratios and efficiency parameters (public and private R&D) to obtain a direct test of the induced innovation in Italian … model (ECM) is estimated to separate long-run effect, that is technological innovation, from short-run effects, that is … factors substitution. The results corroborate the induced innovation hypothesis and underline the importance of private R&D in …