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The Role of Education in the Dynamics of Supply

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  • Todd E. Petzel

Abstract

This paper offers a synthesis of Nerlovian supply dynamics and the recent work on the role of education in entrepreneurial decision making. The model is tested by looking at the dynamics of soybean supply for U.S. counties from 1947 to 1973. Rates of adjustment to long-run equilibrium are found to depend on several variables, including education of the decision maker.

Suggested Citation

  • Todd E. Petzel, 1978. "The Role of Education in the Dynamics of Supply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(3), pages 445-451.
    • Handle: RePEc:oup:ajagec:v:60:y:1978:i:3:p:445-451.
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    File URL: http://hdl.handle.net/10.2307/1239941
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    Cited by:

    1. Azzam, Azzeddine M. & Turner, Michael S., 1991. "Management Practices and Financial Performance of Agricultural Cooperatives: A Partial Adjustment Model," Journal of Agricultural Cooperation, National Council of Farmer Cooperatives, vol. 6, pages 1-10.
    2. Rahm, Michael R. & Huftman, Wallace E., 1982. "The Adoption Of Reduced Tillage: The Role Of Human Capital And Other Variables," 1982 Annual Meeting, August 1-4, Logan, Utah 279129, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Shonkwiler, J. Scott & Spreen, Thomas H., 1980. "The Rational Expectations Hypothesis: An Empirical Application To The Florida Escarole Market," 1980 Annual Meeting, July 27-30, Urbana-Champaign, Illinois 278478, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Marcos Gallacher, 1999. "Human Capital and Production Efficiency: Argentine Agriculture," CEMA Working Papers: Serie Documentos de Trabajo. 158, Universidad del CEMA.
    5. Penna, Julio A., 1985. "Sources of Growth of Argentine Agriculture and Prospects for the 1990s," 1985 Conference, August 26-September 4, 1985, Malaga, Spain 182610, International Association of Agricultural Economists.
    6. Gill, Ravinderpal S. & Weersink, Alfons, 1991. "Why Do Farmers Adopt New Technology?," Department of Agricultural Economics and Business 258679, University of Guelph.
    7. Marcos Gallacher, 2001. "Education as an Input in Agricultural Production," CEMA Working Papers: Serie Documentos de Trabajo. 189, Universidad del CEMA.

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