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On the Choice of Functional Forms: Summary of a Monte Carlo Experiment

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Author Info
Gagne, Robert
Ouellette, Pierre

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Abstract

The use of flexible functional forms is a standard practice in applied econometrics. Many flexible forms have been proposed. In this study, the authors investigate the behavior of three of them--the translog, the symmetric McFadden, and the symmetric generalized Barnett. Based on Monte Carlo experiments, they assess the ability of these forms to test theoretical properties and to measure technological characteristics.

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Publisher Info
Article provided by American Statistical Association in its journal Journal of Business and Economic Statistics.

Volume (Year): 16 (1998)
Issue (Month): 1 (January)
Pages: 118-24
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Handle: RePEc:bes:jnlbes:v:16:y:1998:i:1:p:118-24

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  1. Koebel, Bertrand & Falk, Martin, 1999. "Curvature conditions and substitution pattern among capital, energy, materials and heterogeneous labour," ZEW Discussion Papers 99-06, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  2. Koebel, Bertrand M. & Falk, Martin & Laisney, Francois, 2000. "Imposing and testing curvature conditions on a Box-Cox function," ZEW Discussion Papers 00-70, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research. [Downloadable!]
  3. Robert Gagne & Carmine Nappi, 2000. "The cost and technological structure of aluminium smelters worldwide," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 15(4), pages 417-432. [Downloadable!]
  4. Nguyen, Duong T. M. & McLaren, Keith & Zhao, Xueyan, 2008. "Multi-Output Broadacre Agricultural Production: Estimating A Cost Function Using Quasi-Micro Farm Level Data From Australia," 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia 6009, Australian Agricultural and Resource Economics Society. [Downloadable!]
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This page was last updated on 2009-11-22.


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