THE TECHNICAL EFFICIENCY OF ILLINOIS GRAIN FARMS: AN APPLICATION OF A RAY-HOMOTHETIC PRODUCTION FUNCTION

Hassan Y. Aly, Krishna P. Belbase, Richard Grabowski and Steven E. Kraft

Southern Journal of Agricultural Economics, 1987, vol. 19, issue 01, 10

Abstract: The purpose of this paper is to measure the extent of technical inefficiency among a sample of Illinois grain farms using the corrected ordinary least squares method. Instead of assuming a Cobb-Douglas production function, a linear form of the ray-homothetic is used. The results show a significant amount of technical inefficiency among all the farms in the sample, but with large farms being less technically inefficient than small farms.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 1987
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Citations: View citations in EconPapers (16)

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Journal Article: The Technical Efficiency of Illinois Grain Farms: An Application of a Ray-Homothetic Production Function (1987)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:sojoae:29313

DOI: 10.22004/ag.econ.29313

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