236

220A

220A

IRAN AGRICULTURAL RESEARCH

V.15

(1996)

P.115-131

Price reoponse,Wheat

The purpose of this study was to estimate the area price elasticities for irrigated and non-irrigated wheat. The Nerlovian partial adjustment model was used to estimate these elasticities. The short-run and the long-run irrigated wheat area elasticities with respect to wheat wholesale price were estimated to be 0.08 and 0.17, respectively. The corresponding elasticities with respect to the Country Grain Organization (CGO) price were estimated to be 0.06 and 0.15,, respectively. The estimated elasticities imply that the amount of land under cultivation of irrigated wheat will change by 0.08,in the short run and by 0.0.17,in the long run if the actual value of the wholesale price of whea changes by 1,. Similarly, the change in the irrigated land will be 0.06,in the short run and 0.15,in the long run if the actual. CGO price changes by 1,. The erea under cultivation of non-irrigated wheat was not signigicantly responsive to either wholesale of CGO prices.

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Shahsvary

GN114425