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The Generation of Output Supply and Input Demand Elasticities for a Johansen-Type Model of the Irish Agricultural Sector

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Author Info
Boyle, G E
O'Neill, D

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Abstract

This paper attempts the estimation of an integrated output supply and input demand system for the Irish agricultural sector. The objective of the exercise is the generation of a set of elasticities to be used in the construction of a Johansen-type model of the sector. Drawing on separability principles, the estimation problem is divided into three levels: the estimation of an aggregate profit function; a revenue function for aggregate output; a revenue function for aggregate tillage output; and a cost function for aggregate fertilizer consumption. Elasticities are obtained for each level and the integrated production system. Copyright 1990 by Oxford University Press.

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Publisher Info
Article provided by Oxford University Press for the Foundation for the European Review of Agricultural Economics in its journal European Review of Agricultural Economics.

Volume (Year): 17 (1990)
Issue (Month): 4 ()
Pages: 387-405
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Handle: RePEc:oup:erevae:v:17:y:1990:i:4:p:387-405

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