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Persistent link: https://www.econbiz.de/10012809223
Recent theoretical advances in total factor productivity (TFP) measurement mean that TFP indexes can now be exhaustively decomposed into unambiguous measures of technical change and efficiency change. To date, all applications of this new methodology have involved decomposing indexes that have...
Persistent link: https://www.econbiz.de/10010581346
Markov Chain Monte Carlo (MCMC) methods are used to estimate a seemingly unrelated regression (SUR) system of input demand functions for U.S. agriculture. Our demand functions have flexible forms and allow for nonrandom technical inefficiency. Concavity constraints are imposed at individual data...
Persistent link: https://www.econbiz.de/10009392740
The implications of model specification choices for the measurement of demand response to advertising are examined using Australian data. Single-equation models versus complete systems and alternative corrections for autocorrelation are evaluated. Competing advertising efforts by two producer...
Persistent link: https://www.econbiz.de/10009397383