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Optimum allocation of resources in South African agriculture



Optimum allocation of resources in South African agriculture



Oxford Agrarian Studies 1(2): 128-135



Owing to problems of multicollinearity it is often difficult to estimate all the coefficients in a traditional production function with many variables; so that a limited number of highly aggregated inputs are often used instead. When factor shares are used to estimate elasticities of production with respect to several inputs this problem does not arise but no information is provided about any interdependence among the inputs.

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Accession: 000153580

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DOI: 10.1080/13600817208423795



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