Skip Navigation

This Article
Right arrow Full Text (PDF)
Right arrow Alert me when this article is cited
Right arrow Alert me if a correction is posted
Services
Right arrow Email this article to a friend
Right arrow Similar articles in this journal
Right arrow Alert me to new issues of the journal
Right arrow Add to My Personal Archive
Right arrow Download to citation manager
Right arrowRequest Permissions
Google Scholar
Right arrow Articles by BALTAS, N. C.
Right arrow Search for Related Content
Social Bookmarking
Add to CiteULike   Add to Connotea   Add to Del.icio.us  
What's this?

© 1987 Oxford University Press and the Foundation for the European Review of Agricultural Economics

other

Supply response for Greek cereals

NICHOLAS C. BALTAS*

Athens School of Economics and Business Science Athens, Greece

Received May 1, 1985;

Summary

Given the criticism of Nerlove's traditional model, an attempt is made to present a critical empirical examination of it. More specifically, a modification of the Nerlovian model to a rational expectations model is developed and employed to investigate the supply response for Greek cereals in the 1961–1982 period. Particular attention is given to the impact of weather conditions and to technical progress by inclusion in the model of appropriate variables related to alternative concepts of technical progress. The calculated price elasticities suggest that Greek farmers are reasonably responsive to price changes, though the degree of responsiveness varies considerably from product to product. Some policy implications are drawn from the analysis, given EC and national cereal price policies.


Add to CiteULike CiteULike   Add to Connotea Connotea   Add to Del.icio.us Del.icio.us    What's this?




Disclaimer:
Please note that abstracts for content published before 1996 were created through digital scanning and may therefore not exactly replicate the text of the original print issues. All efforts have been made to ensure accuracy, but the Publisher will not be held responsible for any remaining inaccuracies. If you require any further clarification, please contact our Customer Services Department.