Template-Type: ReDIF-Article 1.0
Author-Name: Alberto Herrou-Aragón
Author-Workplace-Name: Consultor Internacional
Title: Agricultural Supply Response in the Argentinean Economy
Abstract: This paper estimates a reduced-form agricultural supply function for the Argentinean economy within the framework of a general equilibrium model.  The results of the estimation using data covering the years 1939-1984 show that there is a statistically significant long-run supply price elasticity of agricultural output of about 1.3, and that the convergence to an equilibrium state is achieved in about nine years.  The estimated agricultural supply price elasticity is found to be about three times larger than previous estimates using partial equilibrium models.
Classification-JEL: C01, O13, O54
Keywords: General equilibrium, Minkowski matrix, cointegration analysis, Bartlett correction factor, eigenvalue stability tests
Journal: Económica
Pages: 73-100
Volume: LIII
Issue: 1-2
Year: 2007
Month: January-December
File-URL: https://revistas.unlp.edu.ar/Economica/article/view/5497/4502
File-Format: Application/pdf
Handle: RePEc:akh:journl:557