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Approximation Properties and Estimation of the Translog Production Function with Panel Data

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  • Tzouvelekas, Evaggelos

Abstract

This paper provides a general theoretical and methodological framework for the estimation of the translog production function using panel data. The estimation is carried out using generalised least squares estimator (random-effects model) under different maintained hypotheses for the underlying production technology. Our empirical results indicate that imposing a priori restrictions such as homotheticity, homogeneity or separability on the production structure are not palatable and should rather remain a testable hypothesis within the estimation framework.

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  • Tzouvelekas, Evaggelos, 2000. "Approximation Properties and Estimation of the Translog Production Function with Panel Data," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 1(1), pages 1-16, January.
    • Handle: RePEc:ags:aergaa:26412
    DOI: 10.22004/ag.econ.26412
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    4. Shaibu, Abdul-Fatawu & Al-Hassan, R. M., 2015. "Accessibility of Rice Farmers to the Ghana School Feeding Programme and its Effect on Output," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 7(3), pages 1-12, September.
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    6. Francisco Gildemir Ferreira Silva, 2022. "Brazilian railways separability infrastructure/operations: investigation by production indicators," SN Business & Economics, Springer, vol. 2(7), pages 1-25, July.
    7. Wesseh, Presley K. & Lin, Boqiang, 2016. "Can African countries efficiently build their economies on renewable energy?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 161-173.
    8. Sauer, J.F., 2005. "“Efficiency Flooding”: Black-Box Frontiers and Policy Implications," International Journal of Applied Econometrics and Quantitative Studies, Euro-American Association of Economic Development, vol. 2(1), pages 17-52.
    9. Wesseh, Presley K. & Lin, Boqiang, 2017. "Is renewable energy a model for powering Eastern African countries transition to industrialization and urbanization?," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 909-917.
    10. Eric Heyer & Florian Pelgrin & Arnaud Sylvain, 2004. "Translog ou Cobb-Douglas? Le rôle des durées d'utilisation des facteurs," Staff Working Papers 04-19, Bank of Canada.
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