Kumbhakar, Subal C.; Guan, Zhengfei; Oude Lansink, … - Agricultural and Applied Economics Association - AAEA - 2007
In this article we propose a theoretical model for analyzing capital requirement in agricultural production and define excess capital thereupon. We develop a two-step method that allows endogenous regressors in the maximum likelihood estimation. The two-step procedure is also capably of...
