Yucan Liu C. Richard Shumway () (School of Economic Sciences, Washington State University)
Abstract
The hypothesis of induced innovation has been empirically tested in many ways, using a wide variety of data and test periods for many industries in many countries. However, each test has maintained the hypothesis that the relative marginal cost of developing and implementing technologies that save one input is the same as for any other input. Lacking data on development and implementation costs of input-saving technologies, we develop and use a nonparametric procedure to estimate relative differences required for technical change in U.S. agriculture to be consistent with the induced innovation hypothesis.
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Publisher Info
Paper provided by School of Economic Sciences, Washington State University in its series Working Papers with number
2008-6.
Find related papers by JEL classification: O30 - Economic Development, Technological Change, and Growth - - Technological Change - - - General D24 - Microeconomics - - Production and Organizations - - - Production; Capital and Total Factor Productivity; Capacity
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