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Factor demand and technical progress in the Austrian agricultural sector






Forderungsdienst 40(10): 273-277

Factor demand and technical progress in the Austrian agricultural sector

The study uses an econometrically estimated translog cost function to investigate factor demand and substitution in Austrian agriculture. It uses this analysis to illustrate some of the characteristics of technical progress. The analysis takes account of the factors capital, land, labour, feedingstuffs, fertilizers, energy and other non-specified inputs. After an explanation of the theoretical principles involved, the empirical section uses average data for the years 1984-88.


Accession: 002379718



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