Factor Bias under Stochastic Technical Change
- 1 August 1995
- journal article
- Published by Wiley in American Journal of Agricultural Economics
- Vol. 77 (3) , 578-590
- https://doi.org/10.2307/1243226
Abstract
Time‐series procedures are employed to determine the influence of technological change in inducing factor bias in U.S. agricultural production between 1948 and 1983. A dynamic measurement error model is used to link research expenditures to the unobserved technological change variable. Biasedness in labor and material factor shares is established.Keywords
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