Abstract
Empirical evidence about new corn production technology in Illinois supports the hypothesis that yield- and output-enhancing effects vary depending on whether technology is input (here, land) quality-dependent or independent. In turn, these differences affect the distribution of economic surplus from technology adoption across geographic regions with varying land quality. A competitive, market-clearing model for a traded commodity is used to estimate the gains in economic surplus from technological advance.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 321-327 |
| Number of pages | 7 |
| Journal | American Journal of Agricultural Economics |
| Volume | 69 |
| Issue number | 2 |
| DOIs | |
| State | Published - May 1987 |
Keywords
- Corn yields
- Economic surplus
- Input quality
- Technology
ASJC Scopus subject areas
- Agricultural and Biological Sciences (miscellaneous)
- Economics and Econometrics
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