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Induced Innovation in United States Agriculture, 1880–1990: Time Series Tests and an Error Correction Model

Colin Thirtle, David Schimmelpfennig, Robert E Townsend · 2002 · American Journal of Agricultural Economics

Summary. This paper tests the induced innovation hypothesis in U.S. agriculture from 1880 to 1990 using an error correction model. The analysis confirms that changes in factor prices and research spending drive technological change that saves expensive inputs. The study separates factor substitution from technological bias, establishing that price signals and R&D investment causally precede the development of labor-saving and land-saving innovations in American agriculture.

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Thirtle, C., Schimmelpfennig, D., & Townsend, R. E.. (2002). Induced Innovation in United States Agriculture, 1880–1990: Time Series Tests and an Error Correction Model. American Journal of Agricultural Economics. https://doi.org/10.1111/1467-8276.00322

Details

DOI
10.1111/1467-8276.00322
Countries
United States
Regions
North America
Categories
agtech, innovation-theory
Added
2026-04-28