NONROBUSTNESS OF DYNAMIC DUAL MODELS OF THE NORTHEASTERN AND U.S. DAIRY INDUSTRIES

The robustness of dynamic dual models examined by Howard and Shumway is reevaluated with the proper specification for the modified generalized Leontief (GL) and normalized quadratic (NQ) functional forms. In an application to the Northeastern and U.S. dairy industries, the theoretical properties, adjustment rates, and predictive ability were similar under both functional forms. However, elasticity measures differed significantly.

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Year of publication:	1990
Authors:	Weersink, Alfons
Published in:	Northeastern Journal of Agricultural and Resource Economics. - Northeastern Agricultural and Resource Economics Association - NAREA. - Vol. 19.1990, 1
Publisher:	Northeastern Agricultural and Resource Economics Association - NAREA
Keywords:	Livestock Production/Industries

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Extent:	application/pdf
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://ebvufind01.dmz1.zbw.eu/10005526078