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- W4210373886 abstract "This paper exploits the properties of the third order approximation of the translog cost function which allows nested tests regarding the nature of technical change and specifically a direct test for price-induced technical change. Using data from 1949 to 1990 the input demand elasticities and factor saving biases were estimated for South African agriculture. Large machinery-using biases of technical change were evident with no labour-using biases. This, together with substitutability between machinery and labour, has-not contributed to alleviating the unemployment problem currently faced in South Africa. The hypothesis of no price induced bias was rejected suggesting that changing pricing policies may be a consideration for alleviating the current technology biases in South African agriculture." @default.
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- W4210373886 date "1998-07-31" @default.
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- W4210373886 title "Biases of Technical Change in South African Agriculture: A Cost Function Approach" @default.
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- W4210373886 doi "https://doi.org/10.1080/03796205.1998.12129122" @default.
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