Marketed surpluses of agricultural households in Sierra Leone
1984
Strauss, J.
Extract: An agricultural household model is used with household level data from Sierra Leone to estimate elasticities of marketed surplus for several outputs and for labor with respect to price and nonprice variables. Positive own-price elasticities are found, with magnitudes considerably above own-price output elasticities. Changes in household characteristics and production technology also affect marketed surpluses but not always in antipated directions. Elasticities are reported for households when grouped by their total expenditure, not just for the sample mean. The differences are important, showing that low expenditure households respond as much as high expenditure households.
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