An Econometric Application of the Theory of the Farm-household*
نویسندگان
چکیده
Employing LL iobbDouglas specification for the production function and a modified iinear expenditure system, the paper presents an econometric model of household production, consumption and labor supply behaviour for a semi-commercial farm with a competitive labor market. The model, estimated from p.l,-iary, cross-sectional, Malaysian data, is used :o analyse the impact of migration, output price .erventi-Jn and technological change on the agricu!.,ral sector. In doing so, the wage-rate is treated as an endogenous variable to be determined by the interaction of aggregate labor demand and supply curves obtained from the estimated micro functions.
منابع مشابه
Farms, Families, and Markets: New Evidence on Completeness of Markets in Agricultural Settings.
The farm household model has played a central role in improving the understanding of small-scale agricultural households and non-farm enterprises. Under the assumptions that all current and future markets exist and that farmers treat all prices as given, the model simplifies households' simultaneous production and consumption decisions into a recursive form in which production can be treated as...
متن کاملThe Origin and Limitations of Modern Mathematical Economics: A Historical Approach
We have first demonstrated that Debreu’s view regarding the publication of The Theory of Games and Economic Behavior by von Neumann and Morgenstern in 1944 as the birth of modern mathematical economics is not convincing. In this paper, we have proposed the hypothesis that the coordinated research programs in the 1930’s, initiated by the Econometric Society and the Cowles Commission for Research...
متن کاملTransformation in Smallholder Agriculture through Intensification in Ethiopia: Determinants and Implications
It is a challenge for a farmer with limited resources to decide on the production of commodities and investment in the farm. Transformation of smallholder subsistence agriculture, to market oriented value addition based agriculture is vital for poverty reduction in Ethiopia. This study was initiated to explore the factors which contribute for the adoption of improved wheat and pepper varieties ...
متن کاملAnalyzing Farm Operations Cooperation Groups in Central Agricultural Zone of Delta State Nigeria
T he purpose of this study was to examine farm operations cooperation groups in Central Agricultural Zone of Delta State, Nigeria. All the members of the six selected groups were used for the study. The data which were collected with the use of questionnaire and interview schedule were analyzed with the use of frequency counts, percentages and Tobit regression model. Most of the members we...
متن کاملFactors Affecting Nonfarm Income Diversification among Rural Farm Households in Central Nepal
Nonfarm activities play an important role in the determination of rural household income, consumption expenditure, and household food security. However, much less studies have been devoted to the factors that influence nonfarm income diversification by farm household in developing countries. Using cross-sectional data and a probit model, this study attempts to determine the factors influencing ...
متن کامل