SOME GUIDING PRINCIPLES FOR EMPIRICAL PRODUCTION RESEARCH IN AGRICULTURE

Constraints on production economic research are examined in three dimensions: problem focus, methodology, and data availability. Data availability has played a large role in the choice of problem focus and explains some misdirected focus. A proposal is made to address the data availability constraint. The greatest self-imposed constraints are methodological. Production economics has focused on flexible representations of technology at the expense of specificity in preferences. Yet some of the major problems faced by decision makers relate to long-term problems, e.g., the commodity boom and ensuring debt crisis of the 1970s and 1980s where standard short-term profit maximization models are unlikely to capture the essence of decision maker concerns.


Issue Date:
2000-10
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31296
Published in:
Agricultural and Resource Economics Review, Volume 29, Number 2
Page range:
138-158
Total Pages:
21




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

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