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Multidimensional Evaluation Of Flexible Functional Forms For Production Analysis

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Author Info
Ornelas, Fermin S.
Shumway, C. Richard
Abstract

Several common flexible functional forms are evaluated for Texas agricultural production utilizing three procedures. Nested hypothesis tests indicate that the normalized quadratic is the marginally-preferred functional form followed by the generalized Leontief. Predictive accuracy results are ambiguous between the generalized Leontief and the normalized quadratic. Statistical performance favors the normalized quadratic. These two functional forms consistently dominate the translog.

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File URL: http://purl.umn.edu/15046
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Publisher Info
Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 25 (1993)
Issue (Month): 02 (December)
Pages:
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Handle: RePEc:ags:joaaec:15046

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Keywords: Production Economics;

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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
  1. Baffes, John & Vasavada, Utpal, 1989. "On the Choice of Functional Forms in Agricultural Production Analysis," Applied Economics, Taylor and Francis Journals, vol. 21(8), pages 1053-61, August.
  2. Appelbaum, Elie, 1979. "On the Choice of Functional Forms," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 449-58, June. [Downloadable!] (restricted)
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(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. 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), January. [Downloadable!]
  2. Krishna P. Paudel & Christopher S. McIntosh, 2005. "Numeraire choice in agricultural supply analysis," Applied Economics, Taylor and Francis Journals, vol. 37(11), pages 1209-1214, June. [Downloadable!] (restricted)
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This page was last updated on 2009-12-26.

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