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Supply Response for Greek Cereals

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  • Baltas, Nicholas C

Abstract

A modification of the Nerlovian model to a rational expectations model is developed and employed to i nvestigate the supply response for Greek cereals in the 1961-82 perio d. Particular attention is given to the impact of weather conditions and to technical progress by inclusion in the model of appropriate va riables related to alternative concepts of technical progress. The ca lculated price elasticities suggest that Greek farmers are reasonably responsive to price changes, though the degree of responsiveness var ies considerably from product to product. Copyright 1987 by Oxford University Press.

Suggested Citation

  • Baltas, Nicholas C, 1987. "Supply Response for Greek Cereals," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 14(2), pages 195-220.
    • Handle: RePEc:oup:erevae:v:14:y:1987:i:2:p:195-220
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    Cited by:

    1. Chr. R. Weiss, 1992. "The Effect Of Price Reduction And Direct Income Support Policies On Agricultural Input Markets In Austria," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(1), pages 1-13, January.
    2. Fotopoulos, Christos V., 1995. "A partial adjustment model with rational expectations applied to the goat sector in Greece," Agricultural Economics, Blackwell, vol. 12(2), pages 163-170, August.
    3. Baltas, Nicholas C., 1999. "Private Investment and the Demand for Loanable Funds in the Greek Agricultural Sector," Journal of Policy Modeling, Elsevier, vol. 21(1), pages 67-88, January.
    4. Katranidis, Stelios D. & Velentzas, Kostas, 2000. "The Markets of Cotton Seed and Maize in Greece: Welfare Implications of the Common Agricultural Policy," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(2), pages 1-16, August.

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