The Review of Economics and Statistics Vol. 73 No. 3 1991
The Effects of Tax Policy on Investment in Agriculture
Abstract
The effects of tax policy on agricultural investment are investigated by estimating a dynamic interrelated input demand system. Net investment is specified to give rise to increasing internal costs of adjustment, resulting in capital inputs being quasi-fixed. The system of demand equations is derived by incorporating a quadratic normalized restricted cost function into a long-run dynamic optimization framework.
- DOI
- 10.2307/2109563
- Volume
- 73
- Issue
- 3
- Pages
- 393
- Sources
- crossref openalex