Adhikari, Murali; Paudel, Krishna; Houston, Jack; … - In: Applied Economics 40 (2008) 3, pp. 295-302
This paper demonstrates the need to revisit the way a technical change has been incorporated in a crop acreage supply response model. Three different versions of technological change were introduced and compared: no trend, deterministic trend, and stochastic trend. The results confirm the need...