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Selecting Functional Form In Production Function Analysis

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  • Griffin, Ronald C.
  • Montgomery, John M.
  • Rister, M. Edward
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    Abstract

    Functional form selection is a sometimes neglected aspect of applied research in production analysis. To provide an improved and uniform basis for form selection, a number of traditional and popular functional forms are catalogued with respect to intrinsic properties. Guidelines for the conduct of form selection are also discussed.

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    File URL: http://purl.umn.edu/32240
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    Bibliographic Info

    Article provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.

    Volume (Year): 12 (1987)
    Issue (Month): 02 (December)
    Pages:

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    Handle: RePEc:ags:wjagec:32240

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    Web page: http://waeaonline.org/
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    Related research

    Keywords: Production Economics; Research Methods/ Statistical Methods;

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    1. Fuss, Melvyn & McFadden, Daniel & Mundlak, Yair, 1978. "A Survey of Functional Forms in the Economic Analysis of Production," Histoy of Economic Thought Chapters, in: Fuss, Melvyn & McFadden, Daniel (ed.), Production Economics: A Dual Approach to Theory and Applications, volume 1, chapter 4 McMaster University Archive for the History of Economic Thought.
    2. Gallant, A. Ronald, 1982. "Unbiased determination of production technologies," Journal of Econometrics, Elsevier, vol. 20(2), pages 285-323, November.
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