Napasintuwong, Orachos; Emerson, Robert D. - International Agricultural Trade and Policy Center … - 2005
The Morishima elasticity of substitution (MES) is estimated to address factor substitutability in Florida agriculture during 1960-1999. By adopting a profit maximization model of induced innovation theory, the MES's between hired and self-employed labor and the MES's between labor and capital...
