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Damage Control Econometrics: Functional Specification and Pesticide Productivity

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  • Catalina Carrasco-Tauber
  • L. Joe Moffitt

Abstract

Empirical studies of pesticide productivity have often concluded that the value of marginal product of pesticide exceeds marginal factor cost despite anecdotal and other evidence to the contrary. This article presents estimates of pesticide productivity derived from alternative functional specifications of pesticide involvement in production. Results suggest that explanation of the magnitude of pesticide productivity estimates obtained in empirical studies may lie somewhere other than with functional specification.

Suggested Citation

  • Catalina Carrasco-Tauber & L. Joe Moffitt, 1992. "Damage Control Econometrics: Functional Specification and Pesticide Productivity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 74(1), pages 158-162.
    • Handle: RePEc:oup:ajagec:v:74:y:1992:i:1:p:158-162.
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    File URL: http://hdl.handle.net/10.2307/1242999
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