Advances in Input-Output Analysis: Technology, Planning, and Development

By William Peterson | Go to book overview

our aim was to estimate a time-series production function and to study the dynamic property of technical change.

Akino's estimates are quite different from the others, although our data and his are basically the same: we actually used his cross-sectional data, along with time-series and climactic data. One of the most important sources of the difference between our estimates and Akino's is that we included climactic variables at the stage of cross- sectional estimation. We think that the influence of climactic factors in cross-sectional estimation should be eliminated when one studies technical change. Such change appears legitimately only in time-series data and has little to do with climactic factors.


NOTES
1.
Formal education can be regarded as this type of activity if the effort devoted to it is a choice variable from the private farmers' point of view.
2.
Obviously these activities are interrelated. For example, in the case of imitating the practices of others, acquisition of the necessary information can be classified as the third type or activity (i.e., education), whereas trying the new techniques is an activity of the first type. But in addition, improved irrigation, an element of the second type of PIA, may also be required.
3.
Straightforward time-series estimation of Cobb-Douglas functions based on Long-Term Economic Statistics (LTES) data has been tried before, but resulted in unreasonable estimates and was therefore discarded ( Yamada, 1967). We report the results here because we think they are supportive to our views.
4.
One purpose of land replotment projects was to increase land area, although the main purposes were to simplify operations and to improve (or to build) irrigation and drainage facilities.

REFERENCES

Akino, Masakatsu. 1972. Nogyo Seisan Kansu no Keisoku" (Estimation of the agricultural production function). Nogyo Sogo Kenkyu 26: 163-200.

Fei, J. H., and G. Ranis. 1964. Development of the Labor Surplus Economy: Theory and Policy. Homewood, III.: Irwin.

Hayami, Yujiro. 1975. A Century of Agricultural Growth in Japan. Minneapolis: University of Tokyo Press and University of Minnesota Press.

Hayami, Yujiro, and V. W. Ruttan. 1971. Agricultural Development: An International Perspective. Baltimore: Johns Hopkins University Press.

Ishikawa, Shigeru. 1967. Economic Development in Asian Perspective. Tokyo: Kinokuniya.

Kelley, A. C., and J. G. Williamson. 1974. Lessons from Japanese Development: An Analytical Economic History. Chicago: University of Chicago Press.

Lockwood, W. W. 1954. The Economic Development of Japan. Princeton, N.J.: Princeton University Press.

Lucas, R. E. Jr. 1967. "Tests of a capital theoretic model of technical change." Review of Economic Studies 34: 175-180.

Nogyo Hattatsu-shi Chosa Kai. 1953-1958. Nihon Nogyo Hattatsu Shi (History of Japanese Agricultural Development). 10 vols. Tokyo: Chuokoronsha.

Ohkawa, Kazushi. 1945. Shokuryo Keizai no Riron to Keisoku (Theory and Measurement of the Food Economy). Tokyo: Nihon Hyoronsha.

Ohkawa, K., M. Shinihara, with L. Meissner. 1979. Patterns of Japanese Economic Development: A Quantitative Approach. New Haven, Conn., and London: Yale University Press.

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