A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS

An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a whole. The implications for forecasting and for policy instruments, such as the investment allowance, are discussed.


Issue Date:
1985-08
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/22521
Published in:
Australian Journal of Agricultural Economics, Volume 29, Number 2
Page range:
122-141
Total Pages:
20




 Record created 2017-04-01, last modified 2017-08-24

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