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Applied production theory: explicit, flexible, and general functional forms

Stephen Casler

Applied Economics, 1997, vol. 29, issue 11, 1483-1492

Abstract: The problem of estimating elasticity values is considered using a general functional from for the growth rate of input demand. The general input growth equation holds for all functional forms, both flexible and inflexible; it is linear-in-parameters and easy to use in applied production studies. An empirical application compares the theoretical, computational, and predictive characteristics of the translog and general functional forms.

Date: 1997
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DOI: 10.1080/000368497326318

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