Article ID Journal Published Year Pages File Type
5061492 Economics Letters 2009 4 Pages PDF
Abstract
Lacking data on development and implementation costs for input-saving technologies, we develop a nonparametric procedure to estimate relative differences in marginal technology costs for technical change to be consistent with the induced innovation hypothesis. We apply it to U.S. agriculture.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Induced innovation and marginal cost of new technology
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