IDEAS home Printed from https://ideas.repec.org/a/eee/ecolet/v113y2011i2p157-159.html
   My bibliography  Save this article

Testing the product test

Author

Listed:
  • Brea, H.
  • Grifell-Tatjé, E.
  • Lovell, C.A.K.

Abstract

The product test asks the product of the volume and price index numbers to equal the corresponding value change. The literature treats the product test as a requirement. We treat it as a hypothesis, and we provide an empirical test.

Suggested Citation

  • Brea, H. & Grifell-Tatjé, E. & Lovell, C.A.K., 2011. "Testing the product test," Economics Letters, Elsevier, vol. 113(2), pages 157-159.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:2:p:157-159
    DOI: 10.1016/j.econlet.2011.06.017
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0165176511002655
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.econlet.2011.06.017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.

    Other versions of this item:

    References listed on IDEAS

    as
    1. V. Eldon Ball & Charles Hallahan & Richard Nehring, 2004. "Convergence of Productivity: An Analysis of the Catch-up Hypothesis within a Panel of States," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 86(5), pages 1315-1321.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. J.Ph. Boussemart & K. Kerstens & S. Blancard & W. Briec, 2007. "Technology Adoption in French Agriculture and the role of Financial Constraints," Post-Print hal-00287974, HAL.
    2. Lajos Baráth & Imre Fertő, 2017. "Productivity and Convergence in European Agriculture," Journal of Agricultural Economics, Wiley Blackwell, vol. 68(1), pages 228-248, February.
    3. Liu, Yucan & Shumway, C. Richard, 2009. "Induced innovation and marginal cost of new technology," Economics Letters, Elsevier, vol. 105(1), pages 106-109, October.
    4. Eric Njuki & Boris E. Bravo-Ureta, 2019. "Examining irrigation productivity in U.S. agriculture using a single-factor approach," Journal of Productivity Analysis, Springer, vol. 51(2), pages 125-136, June.
    5. Eldon V. Ball & Ricardo Cavazos & Jeffrey T. LaFrance & Rulon Pope & Jesse Tack, 2010. "Aggregation and Arbitrage in Joint Production," Monash Economics Working Papers archive-22, Monash University, Department of Economics.
    6. Moss, Charles B., 2006. "Valuing State-Level Funding for Research: Results for Florida," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 38(1), pages 1-15, April.
    7. Yucan Liu & C. Richard Shumway & Robert Rosenman & Virgil Eldon Ball, 2011. "Productivity growth and convergence in US agriculture: new cointegration panel data results," Applied Economics, Taylor & Francis Journals, vol. 43(1), pages 91-102.
    8. Yeager, Elizabeth A. & Langemeier, Michael R., 2011. "Productivity Divergence across Kansas Farms," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 40(2), pages 1-11, August.
    9. Mugera, Amin W. & Langemeier, Michael R. & Featherstone, Allen M., 2012. "Labor Productivity Growth in the Kansas Farm Sector: A Tripartite Decomposition Using a Non-Parametric Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 41(3), pages 1-15, December.
    10. Robert G. Chambers & Simone Pieralli, 2020. "The Sources of Measured US Agricultural Productivity Growth: Weather, Technological Change, and Adaptation," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(4), pages 1198-1226, August.
    11. Plastina, Alejandro & Lence, Sergio H., 2015. "Effects of restrictions on parameter estimates of US agricultural production," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205514, Agricultural and Applied Economics Association.
    12. Yu Sheng & V. Eldon Ball & Kenneth Erickson & Carlos San Juan Mesonada, 2022. "Cross-country agricultural TFP convergence and capital deepening: evidence for induced innovation from 17 OECD countries," Journal of Productivity Analysis, Springer, vol. 58(2), pages 185-202, December.
    13. Walters, Cory G. & Shumway, C. Richard & Chouinard, Hayley H. & Wandschneider, Philip R., 2012. "Crop Insurance, Land Allocation, and the Environment," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 37(2), pages 1-20, August.
    14. Esposti, Roberto, 2008. "Why Should Regional Agricultural Productivity Growth Converge? Evidence from Italian Regions," 2008 International Congress, August 26-29, 2008, Ghent, Belgium 43955, European Association of Agricultural Economists.
    15. Rishabh Sinha, 2022. "Crop yield convergence across districts in India’s poorest state," Journal of Productivity Analysis, Springer, vol. 57(1), pages 41-59, February.
    16. Wang, Sun Ling & Huang, Jikun & Wang, Xiaobing & Tuan, Francis, 2016. "China’s Regional Agricultural Productivity Growth: Catching Up or Lagging Behind," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235709, Agricultural and Applied Economics Association.
    17. Esposti, Roberto, 2012. "Knowledge, Technology and Innovations for a Bio-based Economy: Lessons from the Past, Challenges for the Future," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 1(3), pages 1-34, December.
    18. Wang, S.L. & Huang, J. & Wang, X. & Tuan, F., 2018. "Convergence in China's Regional Agricultural Productivity: Catching up or Lagging Behind?," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 276051, International Association of Agricultural Economists.
    19. Christopher J. O’Donnell, 2016. "Nonparametric Estimates of the Components of Productivity and Profitability Change in U.S. Agriculture," International Series in Operations Research & Management Science, in: Joe Zhu (ed.), Data Envelopment Analysis, chapter 0, pages 515-541, Springer.
    20. de Wit, Marc & Londo, Marc & Faaij, André, 2011. "Productivity developments in European agriculture: Relations to and opportunities for biomass production," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2397-2412, June.

    More about this item

    Keywords

    Product test; Index numbers; Profitability change;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:113:y:2011:i:2:p:157-159. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/ecolet .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.