THE INFLUENCE OF TECHNICAL PROGRESS ON THE MARGINAL PRODUCTIVITY OF FACTORS AND THEIR SUBSTITUTION IN FRENCH AGRICULTURE IN 1980–1999. SECTORAL APPROACH
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CES production function, marginal productivity, elasticity of substitution
Abstract
In the paper the changes in the marginal productivity and elasticity of factors in French agricultural production has been investigated. It was shown that in years 1980−1999 the technical progress caused the growth of marginal productivity of labour, but the marginal productivity of capital has did not indicated considerable changes. Moreover, it was established that elasticity of substitution between labour and capital was a decreasing function of time.
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Błażejczyk-Majka, L., & Kala, R. (2004). THE INFLUENCE OF TECHNICAL PROGRESS ON THE MARGINAL PRODUCTIVITY OF FACTORS AND THEIR SUBSTITUTION IN FRENCH AGRICULTURE IN 1980–1999. SECTORAL APPROACH. Acta Scientiarum Polonorum. Oeconomia, 3(2), 5–15. Retrieved from https://aspe.sggw.edu.pl/article/view/950
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