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Policy Induced Innovation In South African Agriculture

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  • Townsend, R.
  • Thirtle, C.

Abstract

This paper examines whether the development path of South Afiic.an agriculture has been consistent with its resource endowments. Within an induced innovation framework the two stage constant elasticity of substitution (CES) production function is used and results in a direct test of the inducement hypothesis which are applied to data for South Afiic.an commercial agriculture for the period 1947-91. Cointegration is established, RJld Ril error correction model (ECM) constructed. The results indicate that factor price ratios are not the sole cause of factor-saving biases of technological change. Public choice and macroeconomic incentives played a significant role resulting in a distorted development path.

Suggested Citation

  • Townsend, R. & Thirtle, C., 1996. "Policy Induced Innovation In South African Agriculture," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 35(4), December.
    • Handle: RePEc:ags:agreko:267971
    DOI: 10.22004/ag.econ.267971
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    References listed on IDEAS

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    1. Frisvold, George B., 1991. "Endogenous technological change in U.S. agriculture: a direct test of the Induced Innovation Hypothesis," Technical Bulletins 312323, United States Department of Agriculture, Economic Research Service.
    2. Hendry, David F. & Richard, Jean-Francois, 1982. "On the formulation of empirical models in dynamic econometrics," Journal of Econometrics, Elsevier, vol. 20(1), pages 3-33, October.
    3. Hicks, John, 1977. "Economic Perspectives: Further Essays on Money and Growth," OUP Catalogue, Oxford University Press, number 9780198284079.
    4. van Schalkwyk, H. D. & Groenewald, J. A., 1992. "Regional -Analyses Of South African Agricultural Resource Use And Productivity," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 31(3), September.
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