The Effects of Interest Rates on Agricultural Machinery Investment

Changes in real interest rates may affect the rate of adjustment of machinery to optimal levels This finding results from the development and application of a theoretically consistent analytical framework for examining agricultural investment 10 machinery Results from duality theory on restricted variable profit functions are incorporated into a longrun dynamic optimization framework where input use is affected by external adjustment costs


Issue Date:
1985
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/149275
Published in:
Agricultural Economics Research, Volume 37, Number 3
Page range:
12-22
Total Pages:
11




 Record created 2017-04-01, last modified 2017-08-27

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