Fernandez-Cornejo, Jorge; Pho, Yvan - In: Economics of pesticides, sustainable food production, …, (pp. 37-54). 2002
We present direct econometric tests of the induced innovation hypothesis. We test whether the price of herbicides relative to labor, machinery, and land, as well as research stocks, affects the direction of technological change and long-run substitution of herbicides for labor, machinery, and...