 A Rational Econometrtic Approach for Punjab Agriculture Associated with UOP Profit Function ModelS. S. Kautala
Indian Economic Review, 2001, vol. 36, issue 2, 393-410 Abstract: Without making a proper statistical assessment, researchers tend to apply complex econometric tools to a theoretical model in providing analytical results involving time consuming process with extra efforts. After describing the shortcomings of production function model, an attempt has been made to econometrically examine related aspects SURE methodology associated with theoretical framework of Cobb-Douglas UOP profit function. Keeping in the estimated magnitude of contemporaneous covariance of production disturbances in a system of two equations, the study confirms the suitability of standard linear procedures for determination of UOP profit function and derived labor demand function by employing farm level wheat data to each equation separately for drawing inferences through the subtle interpretation of related elasticities. JEL-codes: D24 Q1 (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:dse:indecr:v:36:y:2001:i:2:p:393-410 Ordering information: This journal article can be ordered from Access Statistics for this article Indian Economic Review is currently edited by Pami Dua (Editor) & Ram Singh (Associate Editor) and Sunil Kanwar More articles in Indian Economic Review from Department of Economics, Delhi School of Economics University of Delhi, Delhi 110 007. Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.