This paper examines the impact and diffusion of the gasoline tractor in American agriculture. A key feature of the transition from horses to tractors was a long intermediate stage when both modes of power were used on the same farm. This is largely explained in the technical limitations of early tractors. In addition, we explore how rural markets and institutions adjusted to facilitate diffusion. Our simultaneous-equation regression analysis reveals that farm scale and tractor adoption had positive, independent effects on each other. Finally, we analyze diffusion as a capital replacement problem, which reveals that the shift to the new technology came far sooner than has generally been thought.
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Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number
7947.
Length: Date of creation: Oct 2000 Date of revision: Handle: RePEc:nbr:nberwo:7947
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Find related papers by JEL classification: N52 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - U.S.; Canada: 1913- O33 - Economic Development, Technological Change, and Growth - - Technological Change - - - Technological Change: Choices and Consequences; Diffusion Processes
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
Abel, Andrew B., 1990.
"Consumption and investment,"
Handbook of Monetary Economics,
in: B. M. Friedman & F. H. Hahn (ed.), Handbook of Monetary Economics, edition 1, volume 2, chapter 14, pages 725-778
Elsevier.
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