Labor Substitutability in Labor Intensive Agriculture and Technological Change in the Presence of Foreign Labor

The Morishima elasticity of substitution (MES) is estimated to address factor substitutability in Florida agriculture during 1960-1999. By adopting a profit maximization model of induced innovation theory, the MES's between hired and self-employed labor and the MES's between labor and capital provide implications for future immigration policies.


Issue Date:
2005
Publication Type:
Working or Discussion Paper
PURL Identifier:
http://purl.umn.edu/15649
Total Pages:
28
JEL Codes:
Q160; J430; O300
Series Statement:
Working Paper WPTC 05-01




 Record created 2017-04-01, last modified 2017-08-22

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