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Estimating the long-run supply and demand for agricultural labour in the UK

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  • K Balcombe
  • A Prakash

Abstract

In this paper we derive supply and demand equations for labour in the UK agricultural sector. Using a cointegrating vector autoregression framework, identifying restrictions from theory are imposed, and the long-run labour supply and demand relationships are estimated. We find a significant elasticity of substitution between labour and the other factors of production. The minimum wage has had a significant negative impact on the level of labour demanded. Copyright 2000, Oxford University Press.

Suggested Citation

  • K Balcombe & A Prakash, 2000. "Estimating the long-run supply and demand for agricultural labour in the UK," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 27(2), pages 153-166, June.
  • Handle: RePEc:oup:erevae:v:27:y:2000:i:2:p:153-166
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    Cited by:

    1. Ciaian, Pavel & Kancs, d'Artis, 2011. "Food, energy and environment: Is bioenergy the missing link?," Food Policy, Elsevier, vol. 36(5), pages 571-580, October.
    2. Ciaian, Pavel & Kancs, d'Artis, 2011. "Interdependencies in the energy-bioenergy-food price systems: A cointegration analysis," Resource and Energy Economics, Elsevier, vol. 33(1), pages 326-348, January.

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