Estimating the long-run supply and demand for agricultural labour in the UK

被引：5

作者：

Balcombe, K ^{[1
]}

Prakash, A ^{[1
]}

机构：

[1] Univ London Wye Coll, Dept Agr Econ, Ashford TN25 5AH, Kent, England

来源：

EUROPEAN REVIEW OF AGRICULTURAL ECONOMICS | 2000年 / 27卷 / 02期

关键词：

agricultural labour; labour supply and demand; cointegration; structural modelling; minimum wage;

D O I：

10.1093/erae/27.2.153

中图分类号：

F3 [农业经济];

学科分类号：

0202 ; 020205 ; 1203 ;

摘要：

In this paper we derive supply and demand equations for labour in the UK agricultural sector. Using a cointegrating vector autoregression framework, identifying restrictions from theory are imposed, and the long-run labour supply and demand relationships are estimated. We find a significant elasticity of substitution between labour and the other factors of production. The minimum wage has had a significant negative impact on the level of labour demanded.

引用

页码：153 / 166

页数：14

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