A New Approach to Model GNP Functions: An Application of Non-Separable Two-Stage Technologies

G.K.K. Wong

No 8/98, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: This paper shows that two-stage technologies can provide a general procedure for combining profit and value-added functions to obtain new specifications of import demand and output supply systems. In such technologies, we assume that imports interact with other exogenous variables to produce intermediate inputs, which are in turn used to produce final outputs. To show that utility of this new approach, we use it to specify and estimate the Australian GNP function.

Keywords: GROSS NATIONAL PRODUCT; TECHNOLOGY; PROFIT (search for similar items in EconPapers)
JEL-codes: D24 F12 (search for similar items in EconPapers)
Pages: 33 pages
Date: 1998
References: Add references at CitEc
Citations:

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:msh:ebswps:1998-8

Ordering information: This working paper can be ordered from
http://business.mona ... -business-statistics

Access Statistics for this paper

More papers in Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics PO Box 11E, Monash University, Victoria 3800, Australia. Contact information at EDIRC.
Bibliographic data for series maintained by Professor Xibin Zhang ().