| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
Optimal intertemporal investment in Australian agriculture: An empirical investigation
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| Autores: |
Agbola, Frank W.
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| Data: |
2008-10-13
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| Ano: |
2005
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| Palavras-chave: |
Australia
Agricultural zones
Optimal intertemporal investment model
Quaxi-fixity
Adjustment costs
Farm Management
Research Methods/ Statistical Methods
C33
C12
C13
C61
|
| Resumo: |
This paper empirically investigates optimal intertemporal investment behaviour of farmers in Australia. The dynamic investment model is estimated using pooled crosssectional and time-series farm survey data spanning the period 1979-1993. The model captures intertemporal investment behaviour of farmers, including independent and instantaneous adjustment decisions. Empirical test results indicate that labour, capital, sheep numbers and cattle numbers adjust sluggishly towards their long-run equilibrium levels. Results provide empirical evidence to indicate that adjustment problem is characteristic of production in agricultural zones Australia.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
http://purl.umn.edu/44094
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| Relação: |
Agricultural Economics Review>Volume 06, Issue 2, August 2005
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| Formato: |
11
|
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