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The material contained herein is supplementary to the article named in the title and published in the American Journal of Agricultural Economics, Volume 88, Number 3, August 2006.
Persistent link: https://www.econbiz.de/10005805027
The consideration in the present study is mainly conceptual. The objective is to show how Data Envelopment Analysis (DEA) can be used to reveal the true input-output relations in an industry. In the estimation of a production function it is assumed that all firms use the existing technology...
Persistent link: https://www.econbiz.de/10005805291
This paper provides a general theoretical and methodological framework for the estimation of the translog production function using panel data. The estimation is carried out using generalised least squares estimator (random-effects model) under different maintained hypotheses for the underlying...
Persistent link: https://www.econbiz.de/10005805299
This paper empirically investigates optimal intertemporal investment behaviour of farmers in Australia. The dynamic investment model is estimated using pooled crosssectional and time-series farm survey data spanning the period 1979-1993. The model captures intertemporal investment behaviour of...
Persistent link: https://www.econbiz.de/10005805305
Quadratic flexible forms, such as the translog and generalized Leontief, are separability inflexible. That is, separability restrictions render them inflexible with regard to separable structures. A class functional forms is proposed that is flexible with regard to general production structures...
Persistent link: https://www.econbiz.de/10005805361
The language of economics is the language of models. Understanding the structure of this language offers many benefits. Unfortunately, the structure is ubiquitous in implementation but absent in documentation. This paper documents the structure of models in the context of the theory reduction...
Persistent link: https://www.econbiz.de/10005805450
This study examines three alternative models of correcting for heteroskedasticity in wheat yield: the time trend variance, the GARCH, and an econometric model that includes the potential sources of heteroskedasticity. Nonnested test results suggest that modeling the sources of heteroskedasticity...
Persistent link: https://www.econbiz.de/10005805472
Standard spatial equilibrium activity analysis models, as developed by Takayama and Judge (1971), are based on linear supply and demand functions and fixed input-output coefficients. Such models are suitable for multiple market level trading systems where the fixed input-output coefficients are...
Persistent link: https://www.econbiz.de/10005805519
Persistent link: https://www.econbiz.de/10005805557
All farmers in one stratum of a wheat storage survey who failed to answer a mail questionnaire were personally interviewed. Answers obtained from the mail respondents and from non-respondents are compared to assess the extent of non-response bias. Five suggestions for planning "high return" mail...
Persistent link: https://www.econbiz.de/10005805561