Testing Regularity Properties in Static and Dynamic Duality Models: The Case of Greek Agriculture

Ioanna Reziti () and Adam Ozanne

European Review of Agricultural Economics, 1999, vol. 26, issue 4, 461-77

Abstract: An error correction model of Greek agriculture for the period 1961-94 is estimated using a dynamic system of output and input share equations derived from a translog profit function. Nested within this model are a static model and three simpler dynamic models: a partial adjustment model, autoregressive error model and finite distributed lag model. The data-generating process rejects the static model and simpler dynamic models in favour of the more general error correction model, which is also found to perform better than the static model in terms of consistency with the regularity properties implied by economic theory. Copyright 1999 by Oxford University Press.

Date: 1999
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:oup:erevae:v:26:y:1999:i:4:p:461-77

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().