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An Analysis of the Cost Structure of Food Industries in Pakistan: An Application of the Translog Cost Function

Author

Listed:
  • Sajid Hussain

    (MPhil Scholar, Department of Economics, The University of Lahore, Sargodha Campus. hsajid0067@gmail.com)

  • Uzma Nisar

    (Lecturer, Department of Economics, The University of Lahore, Sargodha Campus. uzmanisar28@gmail.com)

  • Waseem Akram

    (Lecturer, Department of Economics, The University of Lahore, Sargodha Campus. cwa555@gmail.com)

Abstract

No abstract is available for this item.

Suggested Citation

  • Sajid Hussain & Uzma Nisar & Waseem Akram, 2020. "An Analysis of the Cost Structure of Food Industries in Pakistan: An Application of the Translog Cost Function," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 25(2), pages 1-22, July-Dec.
    • Handle: RePEc:lje:journl:v:25:y:2020:i:2:p:1-22
    as

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    File URL: http://lahoreschoolofeconomics.edu.pk/EconomicsJournal/Journals/Volume%2025/Issue%202/01%20Hussain%20et%20al..pdf
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    References listed on IDEAS

    as
    1. Valeria Costantini & Elena Paglialunga, 2014. "Elasticity of substitution in capital-energy relationships: how central is a sector-based panel estimation approach?," SEEDS Working Papers 1314, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised May 2014.
    2. Segal, Dan, 2003. "A Multi-product Cost Study of the U.S. Life Insurance Industry," Review of Quantitative Finance and Accounting, Springer, vol. 20(2), pages 169-186, March.
    3. Berndt, Ernst R & Wood, David O, 1975. "Technology, Prices, and the Derived Demand for Energy," The Review of Economics and Statistics, MIT Press, vol. 57(3), pages 259-268, August.
    4. Heshmati, Almas & Haouas, Ilham, 2011. "Economies of Scale in the Tunisian Industries," IZA Discussion Papers 5737, Institute of Labor Economics (IZA).
    5. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1973. "Transcendental Logarithmic Production Frontiers," The Review of Economics and Statistics, MIT Press, vol. 55(1), pages 28-45, February.
    6. Tariq Mahmood & Ejaz Ghani & Musleh-Ud Din, 2006. "Efficiency of Large-scale Manufacturing in Pakistan: A Production Frontier Approach," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(4), pages 689-700.
    7. Salgado Banda Héctor & Bernal Verdugo Lorenzo E., 2007. "Translog Cost Functions: An Application for Mexican Manufacturing," Working Papers 2007-08, Banco de México.
    8. BARTEN, Anton P., 1969. "Maximum likelihood estimation of a complete system of demand equations," LIDAM Reprints CORE 34, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
    9. Barten, A. P., 1969. "Maximum likelihood estimation of a complete system of demand equations," European Economic Review, Elsevier, vol. 1(1), pages 7-73.
    10. A. R. Kemal, 1981. "Substitution Elasticities in the Large- Scale Manufacturing Industries of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 20(1), pages 1-36.
    11. SHAHNAZ KAZI & ZAHlRA SALEEM KHAN & SEEMIN ANWAR KHAN, 1976. "Production Relationships in Pakistan's Manufacturing Industries," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 15(4), pages 406-423.
    12. Sterner, Thomas, 1989. " Factor Demand and Substitution in a Developing Country: Energy Use in Mexican Manufacturing," Scandinavian Journal of Economics, Wiley Blackwell, vol. 91(4), pages 723-739.
    13. Sohail Zafar & Eatzaz Ahmed, 2005. "Evidence on Allocative Efficiency and Elasticities of Substitution in the Manufacturing Sector of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 44(4), pages 795-803.
    14. Salim Chishti & Fakhre Mahmood, 1991. "The Energy Demand in the Industrial Sector of Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 30(1), pages 83-88.
    15. Sooriyakumar Krishnapillai & Henry Thompson, 2012. "Cross Section Translog Production and Elasticity of Substitution in U.S. Manufacturing Industry," International Journal of Energy Economics and Policy, Econjournals, vol. 2(2), pages 50-54.
    16. Diewert, W E, 1971. "An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function," Journal of Political Economy, University of Chicago Press, vol. 79(3), pages 481-507, May-June.
    17. Hirofumi Uzawa, 1962. "Production Functions with Constant Elasticities of Substitution," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 29(4), pages 291-299.
    18. Nighat Kazmi, 1981. "Elasticities of Substitution in the Small Scale Manufacturing Industries of the Punjab," PIDE-Working Papers 1981:122, Pakistan Institute of Development Economics.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Translog cost function; elasticity of substitution; cross-price elasticity; Allen’s partial elasticity;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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