Estimating the long-run supply and demand for agricultural labour in the UK
利用协整向量自回归模型，从理论中施加识别约束，估计英国农业劳动力的长期供给和需求方程，发现劳动力与其他生产要素之间存在显著的替代弹性，且最低工资对劳动力需求有显著的负面影响。
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.