Abstract

During the 1935 to 1985 period, empirical evidence from Canadian agriculture suggests that both Hicksian bias and the scale effect determined the direction of biased technical change. The overall bias in technical change was found to be machinery-using, land-saving, and fertilizer-using. In general, however, the Hicksian bias dominated the scale effect; and hence, it determined the direction of bias in technical change. Thus, it can be argued that technical change in Canadian agriculture is mainly induced by changes in relative factor prices. However, after 1975, the scale effect of biased technical change for all inputs became relatively stronger.

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call

Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.