A DYNAMIC ADJUSTMENT MODEL FOR SOUTH AFRICAN AGRICULTURE: 1965–97

REFERENCES

• ARROW , K. J. 1982 . “ Optimal Capital Adjustment. ” . In Studies In Applied probability and management science Edited by: Arrow , K. J. , Karlin , S. and Scarf , H. Palo Alto, CA : Stanford University Press .
   Google Scholar
• BAXTER , N. and CRAGG , J. 1970 . Corporate choice among long-term financing instruments . Review of Economics andStatistics , 52 : 225 – 235 .
   Web of Science ®Google Scholar
• CHOW , G. c . 1975 . Analysis and control of dynamic economic systems New York : Wiley .
   Google Scholar
• COXHEAD , L. A. 1992 . Environment-specific rates and biases of technical change in agriculture . American Journal of Agricultural Economics , 74 ( 3 ) : 592 – 604 .
   Web of Science ®Google Scholar
• EPSTEIN , L. G. 1981 . Duality theory and functional forms for dynamic factor demands . Review of Economics Studies , 48 ( 1 ) : 81 – 95 .
   Web of Science ®Google Scholar
• FAMA , E. F . 1970 . Efficient capital markets: a review of theory and empirical work . Journal of Finance , 25 ( 2 ) : 383 – 417 .
   Web of Science ®Google Scholar
• HOWARD , W. H. and SHUMWAY , C. R. 1988 . Dynamic adjustment in the US dairy industry . American Journal of Agricultural Economics , 70 ( 4 ) : 837 – 847 .
   Web of Science ®Google Scholar
• HSU , S. H. and CHANG , C. C. 1990 . An adjustment cost rationalisation of asset fixity theory . American Journal of Agricultural Economics , 72 ( 1 ) : 288 – 308 .
   Google Scholar
• JOHNSON , M. A and PASOUR , E. C. 1981 . An opportunity cost view of fixed asset theory and the overproduction trap . American Journal of Agricultural Economics , 63 ( 1 ) : 1 – 7 .
   Web of Science ®Google Scholar
• KRASACHAT , W. and COELLI , T. 1995 . Dynamics of agricultural production in Thailand Contributed paper presented at the 39th Annual Conference of the Australian Agricultural Economics Society (AARES), Perth
   Google Scholar
• KUDORA , Y . 1988 . The production structure and demand for labour in Postwar Japanese agriculture, 1952–82 . American Journal of Agricultural Economics , 59 ( 2 ) : 328 – 337 .
   Google Scholar
• KULATILAKA , N. 1985 . Tests on the validity of static equilibrium models . Journal of Econometrics , 28 ( 2 ) : 253 – 268 .
   Web of Science ®Google Scholar
• MARTIN , W. J. and ALSTON , J. M. 1994 . A dual approach to evaluating research benefits in the presence of trade distortions . American Journal of Agricultural Economics , 76 ( 1 ) : 26 – 35 .
   Web of Science ®Google Scholar
• McLAREN , K. R and COOPER , R. J. 1980 . Intertemporal duality: Application of the theory of the firm . Econometrica , 48 ( 7 ) : 1755 – 1762 .
   Web of Science ®Google Scholar
• NDA . 2000 . Abstract of agricultural statistics South Africa, Pretoria : National Department of Agriculture .
   Google Scholar
• ROZELLE , S. and HUANG , J. 2000 . Transition, development and the supply of wheat in China . Australian Journal of Agricultural Economics , 44 ( 4 ) : 543 – 572 .
   Web of Science ®Google Scholar
• TAYLOR , T. G. and MONSON , M. J. 1985 . Dynamic inputs demands for aggregate Southeastern United States agriculture . Southern Journal of Agricultural Economics , 17 ( 1 ) : 1 – 9 .
   Google Scholar
• THEIL , H. 1971 . Principles of Econometrics New York : Wiley .
   Google Scholar
• TREADWAY , A. B. 1970 . Adjustment costs and variable inputs in the theory of the competitive firm . Journal of Economic Theory , 2 : 329 – 347 .
   Web of Science ®Google Scholar
• TROSKIE , D. P. , MATHIJS , E. and VINK , N. 2000 . Characteristics of the agricultural sector of the 21st century, paper presented at the Annual Conference of the Agricultural Economics Association of South Africa, 27–29September, Sun City, South Africa
   Google Scholar
• VASAVADA , U. and CHAMBERS , R. G. 1986 . Investment in US agriculture . American Journal of Agricultural Economics , 68 ( 4 ) : 950 – 960 .
   Web of Science ®Google Scholar
• VASAVADA , U. and BALL , V. E. 1988 . A dynamic adjustment model for US agriculture: 1948–79 . Agricultural Economics , 70 ( 2 ) : 123 – 137 .
   Google Scholar