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© 1995 Oxford University Press and the Foundation for the European Review of Agricultural Economics

research-article

Measuring biases of technical change: The case of cereals displacement in livestock ration formulation in Belgium

LUDO PEETERS*,

Limburg University Centre Belgium

Ludo Peeters, Faculty of Applied Economics, Limburg University Centre, Universitaire Campus, 3590 Diepenbeek, Belgium

Received November 1, 1994; Revision received November 1, 1994.

Summary

Persistent feed-price distortions brought about by the CAP has favoured the use of non-grain resources in livestock feeding in the EU. This paper is concerned with the measurement of the rates and biases of technical change which have led to the displacement of cereals in livestock ration formulation. The analysis is applied to the Belgian compound-feed industry, where the displacement of cereals has been striking. An augmented translog cost function is adopted which allows identification of both endogenous (price-induced) and exogenous biases of technical change as well as the calculation of short-run (‘static’) and long-run (‘dynamic’) price elasticities of feed input demand. Finally, a decomposition analysis is provided, in which changes in the overall proportions of grains and non-grain feeds used by compounders are explained by substitution, output mix changes, and/or technical change biases.

Keywords: price-induced technical change, augmented cost function, econometric analysis, Belgium, factor bias in compound-feed production, cereal substitutes.


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