MULTIDIMENSIONAL EVALUATION OF FLEXIBLE FUNCTIONAL FORMS FOR PRODUCTION ANALYSIS

Fermin S. Ornelas and C. Shumway

Journal of Agricultural and Applied Economics, 1993, vol. 25, issue 2, 13

Abstract: Several common flexible functional forms are evaluated for Texas agricultural production utilizing three procedures. Nested hypothesis tests indicate that the normalized quadratic is the marginally-preferred functional form followed by the generalized Leontief. Predictive accuracy results are ambiguous between the generalized Leontief and the normalized quadratic. Statistical performance favors the normalized quadratic. These two functional forms consistently dominate the translog.

Keywords: Production; Economics (search for similar items in EconPapers)
Date: 1993
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://ageconsearch.umn.edu/record/15046/files/25020106.pdf (application/pdf)

Related works:
Journal Article: Multidimensional Evaluation of Flexible Functional Forms for Production Analysis (1993)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:joaaec:15046

DOI: 10.22004/ag.econ.15046

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().