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Estimating feed utilisation matrices using a cost function approach

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  • Ludo Peeters
  • Yves Surry

Abstract

In this paper a multiple‐output cost function framework is proposed to construct national feed balances or feed utilisation matrices (FUMs). The framework is applied to the Belgian compound feed industry. For estimation purposes a Symmetrie Generalised McFadden (SGM) cost function is selected. The cost function is estimated using readily available time‐series data for the period 1962–88. Unlike previous studies based on duality theory, this study exploits the properties of nonjointness in animal feed production to establish a complete FUM. The allocation of feed ingredients among different livestock categories as well as the composition of various compound feeds are identified. Also own‐ and cross‐price elasticities of demand for feed ingredients by type of livestock are reported.

Suggested Citation

  • Ludo Peeters & Yves Surry, 1993. "Estimating feed utilisation matrices using a cost function approach," Agricultural Economics, International Association of Agricultural Economists, vol. 9(2), pages 109-126, August.
    • Handle: RePEc:bla:agecon:v:9:y:1993:i:2:p:109-126
    DOI: 10.1111/j.1574-0862.1993.tb00261.x
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    Cited by:

    1. Gouel, Christophe & Laborde, David, 2021. "The crucial role of domestic and international market-mediated adaptation to climate change," Journal of Environmental Economics and Management, Elsevier, vol. 106(C).
    2. Gouel, Christophe & LaBorde, David, 2017. "The Crucial Role of International Trade in Adaptation to Climate Change," 2017: Globalization Adrift, December 3-5, 2017, Washington, D.C. 266841, International Agricultural Trade Research Consortium.
    3. Letort, Elodie & Carpentier, Alain, 2010. "Variable Input Allocation: Why Heterogeneity Matters?," 120th Seminar, September 2-4, 2010, Chania, Crete 109387, European Association of Agricultural Economists.

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