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Multiple-Output Production Modeled With Three Functional Forms

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  • Villezca-Becerra, Pedro A.
  • Shumway, C. Richard

Abstract

Aggregate dual models are specified to examine multiple-output production relationships in each of four major, geographically dispersed, agricultural states (California, Iowa, Texas, and Florida). Three locally-flexible functional forms (translog, generalized Leontief, and normalized quadratic) are employed to conduct analytic simplification tests, estimate systems of output supply and input demand equations consistent with nonrejected hypotheses, derive elasticities, and determine to what extent analytic simplification tests and policy-relevant results are sensitive to functional form and state. Important differences in empirical implications were found due both to functional form and geographic unit, but differences were greater for the latter.

Suggested Citation

  • Villezca-Becerra, Pedro A. & Shumway, C. Richard, 1992. "Multiple-Output Production Modeled With Three Functional Forms," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 1), pages 1-16, July.
  • Handle: RePEc:ags:jlaare:30734
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    File URL: http://ageconsearch.umn.edu/record/30734/files/17010013.pdf
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    References listed on IDEAS

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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. Ramon E. Lopez, 1985. "Supply Response and Investment in the Canadian Food Processing Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 67(1), pages 40-48.
    3. Polson, Rudolph A. & Shumway, C. Richard, 1990. "Structure Of South Central Agricultural Production," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(02), December.
    4. Appelbaum, Elie, 1979. "On the Choice of Functional Forms," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 20(2), pages 449-458, June.
    5. Dale W. Jorgenson & Lawrence J. Lau, 1975. "The Structure of Consumer Preferences," NBER Chapters,in: Annals of Economic and Social Measurement, Volume 4, number 1, pages 49-101 National Bureau of Economic Research, Inc.
    6. Rulon D. Pope & Arne Hallam, 1988. "Separability Testing in Production Economics," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(1), pages 142-152.
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    Cited by:

    1. Jacinto F. Fabiosa & Helen H. Jensen & Dong Yan, 2004. "Output Supply and Input Demand System of Commercial and Backyard Poultry Producers in Indonesia," Food and Agricultural Policy Research Institute (FAPRI) Publications 04-wp363, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
    2. Chen, Qiu & Mirzabaev, Alisher, 2016. "Evaluating the Impacts of Traditional Biomass Energy Use on Agricultural Production in Sichuan, China," Discussion Papers 250213, University of Bonn, Center for Development Research (ZEF).
    3. Shumway, C. Richard & Davis, George C., 2001. "Does consistent aggregation really matter?," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 45(2), June.
    4. Christopher J. O'Donnell & Alicia N. Rambaldi & Howard E. Doran, 2001. "Estimating economic relationships subject to firm- and time-varying equality and inequality constraints," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(6), pages 709-726.
    5. Shumway, C. Richard, 1995. "Recent Duality Contributions In Production Economics," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 20(01), July.
    6. Shrabani Mukherjee & Kailash Chandra Pradhan, 2016. "Anatomy of Input Demand Functions for Indian Farmers across Regions," Working Papers id:11169, eSocialSciences.
    7. O'Donnell, Christopher J., 2000. "Estimating The Characteristics Of Homogeneous Functionsusing Flexible Functional Forms," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123713, Australian Agricultural and Resource Economics Society.
    8. Nguyen, Duong T.M. & McLaren, Keith Robert & 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.
    9. Ornelas, Fermin S. & Shumway, C. Richard, 1993. "Supply Response And Impact Of Government-Supported Crops On The Texas Vegetable Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-10, April.

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    Keywords

    Production Economics;

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