By Yoshimi Kuroda (auth.)
Analyzes quantitatively in a entire, constant, and built-in demeanour the construction constitution and productiveness of postwar eastern agriculture for the latter half the 20 th century, extra in particular, 1957-97.
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Additional info for Production Structure and Productivity of Japanese Agriculture: Volume 2: Impacts of Policy Measures
To test this critical hypothesis, we will here shed a special light on evaluating the impacts of output price-support programs on (i) the supplies of crop and livestock products, (ii) the demands for variable factor inputs, (iii) the maximized proﬁts, (iv) the degrees of RTS, and (v) the shadow value of land. 1 Impacts of Output Price-Support Programs on the Supplies of Outputs To begin with, we must admit that our procedure may be regarded as an indirect method of evaluating the impacts of output price-support programs on various economic indicators since we do not introduce in our proﬁt function model any variable which can capture directly the impacts of output price-support programs.
154. This implies that the output bias was livestock-production favoring during the study period 1965–97, though the level of statistical signiﬁcance is a little low, around the 15 per cent level. Thus, it is natural from the results of the tests for the fourth, ﬁfth, and sixth hypotheses above that Hicks neutrality both in input space and in output space was strongly rejected. Sixth, the null hypothesis of the C–D production function was absolutely rejected. This means that the strict assumption of unitary elasticity of substitution between any pair of factor inputs is not realistic at all in specifying the production structure of postwar Japanese agriculture.
668, indicating that increases in land input will increase the supply of both crops and livestock. This in turn implies that set-aside programs will reduce the supplies of both products; the reduction is sharper for livestock than for crops. 3 shows that, on average, increases in the price of crops increase the demand for machinery, intermediate, and other inputs more elastically than in the case of increases in the price of livestock, except for the case of the demand for intermediate input. This indicates that the price-support programs for crops had stronger effects in the demand for variable factor inputs than the price-support programs for livestock, except for intermediate input.
Production Structure and Productivity of Japanese Agriculture: Volume 2: Impacts of Policy Measures by Yoshimi Kuroda (auth.)