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Incorporating Technological Change In Economic Relationships: An Application To The Demand For Formula Feed In France

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  • Surry, Yves
  • Meilke, Karl D.

Abstract

The use of a linear time trend as a proxy for technological change in economic relationships often leads to unsatisfactory econometric results. An alternative procedure based on variational parameter procedures is proposed and applied to the demand for formula feed, fed to hogs, in France. The need to incorporate the technological diffusion process provides the theoretical justification for the procedures used, while the empirical results are quite encouraging.

Suggested Citation

  • Surry, Yves & Meilke, Karl D., 1980. "Incorporating Technological Change In Economic Relationships: An Application To The Demand For Formula Feed In France," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278987, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  • Handle: RePEc:ags:aaea80:278987
    DOI: 10.22004/ag.econ.278987
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    File URL: https://ageconsearch.umn.edu/record/278987/files/aaea-1980-126.pdf
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    References listed on IDEAS

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    1. Deadman, Derek & Ghatak, Subrata, 1979. "Forecasting fertilizer consumption and production: Long- and short-run models," World Development, Elsevier, vol. 7(11-12), pages 1063-1072.
    2. Edward F. Renshaw, 1961. "Distributed Lags, Technological Change, and the Demand for Fertilizer," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(4_Part_I), pages 955-962.
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    International Development;

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