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The paper develops a differential mixed system which accommodates in a theoretically consistent way both price-predetermined, quantity-dependent and quantity-predetermined, price-dependent input demand functions. In addition, it introduces generalized marginal cost shares obtaining, thus, a...
Persistent link: https://www.econbiz.de/10004987120
The objective of the present study is to investigate empirically the existence of convergence clubs in state-level agricultural productivity of the USA. This is pursued using Total Factor Productivity (TFP) data from 48 contiguous states over the period 1960-99 and time series methods which...
Persistent link: https://www.econbiz.de/10005005753