Multiple-output production modeled with three functional forms
Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic) are...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Western Agricultural Economics Association
1992
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| Online Access: | http://eprints.uanl.mx/7551/1/Multiple%20Output%20Production%20Modeled%20With%20Three%20Functional%20Forms.pdf |
| _version_ | 1824370457254559744 |
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| author | Villezca Becerra, Pedro Antonio Richard Shumway, C. |
| author_facet | Villezca Becerra, Pedro Antonio Richard Shumway, C. |
| author_sort | Villezca Becerra, Pedro Antonio |
| collection | Repositorio Institucional |
| description | Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic) are employed to conduct analytic simplification tests, estimate systems of output supply and input demand equations consistent with nonrejected hypotheses, derive elasticities, and determine to what extent analytic simplification tests and policy-relevant results are sensitive to functional form and state. Important differences in empirical implications were found due both to functional form and geographic unit, but differences were greater for the latter |
| format | Article |
| id | eprints-7551 |
| institution | UANL |
| language | English |
| publishDate | 1992 |
| publisher | Western Agricultural Economics Association |
| record_format | eprints |
| spelling | eprints-75512016-02-23T16:36:33Z http://eprints.uanl.mx/7551/ Multiple-output production modeled with three functional forms Villezca Becerra, Pedro Antonio Richard Shumway, C. Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic) are employed to conduct analytic simplification tests, estimate systems of output supply and input demand equations consistent with nonrejected hypotheses, derive elasticities, and determine to what extent analytic simplification tests and policy-relevant results are sensitive to functional form and state. Important differences in empirical implications were found due both to functional form and geographic unit, but differences were greater for the latter Western Agricultural Economics Association 1992 Article PeerReviewed text en cc_by_nc_nd http://eprints.uanl.mx/7551/1/Multiple%20Output%20Production%20Modeled%20With%20Three%20Functional%20Forms.pdf http://eprints.uanl.mx/7551/1.haspreviewThumbnailVersion/Multiple%20Output%20Production%20Modeled%20With%20Three%20Functional%20Forms.pdf Villezca Becerra, Pedro Antonio y Richard Shumway, C. (1992) Multiple-output production modeled with three functional forms. Journal of Agricultural and Resource Economics, 17 (1). pp. 13-28. ISSN 1068-5502 |
| spellingShingle | Villezca Becerra, Pedro Antonio Richard Shumway, C. Multiple-output production modeled with three functional forms |
| thumbnail | https://rediab.uanl.mx/themes/sandal5/images/online.png |
| title | Multiple-output production modeled with three functional forms |
| title_full | Multiple-output production modeled with three functional forms |
| title_fullStr | Multiple-output production modeled with three functional forms |
| title_full_unstemmed | Multiple-output production modeled with three functional forms |
| title_short | Multiple-output production modeled with three functional forms |
| title_sort | multiple output production modeled with three functional forms |
| url | http://eprints.uanl.mx/7551/1/Multiple%20Output%20Production%20Modeled%20With%20Three%20Functional%20Forms.pdf |
| work_keys_str_mv | AT villezcabecerrapedroantonio multipleoutputproductionmodeledwiththreefunctionalforms AT richardshumwayc multipleoutputproductionmodeledwiththreefunctionalforms |