Approximation Properties and Estimation of the Translog Production Function with Panel Data

Vangelis Tzouvelekas

Agricultural Economics Review, 2000, vol. 01, issue 01, 16

Abstract: This paper provides a general theoretical and methodological framework for the estimation of the translog production function using panel data. The estimation is carried out using generalised least squares estimator (random-effects model) under different maintained hypotheses for the underlying production technology. Our empirical results indicate that imposing a priori restrictions such as homotheticity, homogeneity or separability on the production structure are not palatable and should rather remain a testable hypothesis within the estimation framework.

Keywords: Research; Methods/Statistical; Methods (search for similar items in EconPapers)
Date: 2000
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aergaa:26412

DOI: 10.22004/ag.econ.26412

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