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Factor Demands Of Louisiana Rice Producers: An Econometric Investigation

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  • McLean-Meyinsse, Patricia E.
  • Okunade, Albert Ade.

Abstract

A Diewert-flexible (dual) cost function was used to derive a system of conditional factor demand equations for Louisiana rice producers. Generalized Leontief cost and factor share equations were fitted for the 1955-87 period using Zellner's SURE system estimation procedure. The Aitken parameter estimates reveal that: (1) the optimal input mix of rice farmers varies with production scale, (2) the factor-augmenting technical change is labor and chemical saving but seed using, (3) pairwise input substitutions are limited, and (4) factor demands are own-price inelastic. An implication is that Louisiana rice farmers will not appreciably alter their factor utilizations when relative input prices change.

Suggested Citation

  • McLean-Meyinsse, Patricia E. & Okunade, Albert Ade., 1988. "Factor Demands Of Louisiana Rice Producers: An Econometric Investigation," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 20(2), pages 1-10, December.
    • Handle: RePEc:ags:sojoae:29255
    DOI: 10.22004/ag.econ.29255
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    References listed on IDEAS

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    1. Theodore P. Lianos, 1971. "The Relative Share of Labor in United States Agriculture, 1949–1968," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(3), pages 411-422.
    2. Barnett, William A. & Lee, Yul W. & Wolfe, Michael D., 1985. "The three-dimensional global properties of the minflex laurent, generalized leontief, and translog flexible functional forms," Journal of Econometrics, Elsevier, vol. 30(1-2), pages 3-31.
    3. Rulon D. Pope, 1984. "Estimating Functional Forms with Special Reference to Agriculture: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(2), pages 223-224.
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    Cited by:

    1. Karagiannis, Giannis & Katranidis, Stelios D. & Velentzas, Kostas, 1996. "Decomposition Analysis Of Factor Cost Shares: The Case Of Greek Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 28(2), pages 1-11, December.
    2. Baffes, John, 1989. "Factor Demands of Louisiana Rice Producers: An Econometric Investigation: Comment," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 221-222, December.
    3. McLean-Meyinsse, Patricia E. & Okunade, Albert Ade., 1989. "Factor Demands of Louisiana Rice Producers: An Econometric Investigation: Reply," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 21(2), pages 223-224, December.

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    Demand and Price Analysis;

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