This paper uses time series data for the period 1961-1995 and a flexible model to analyze the progress of factor-biased technological change in Greek agriculture. The model employs a third-order transcendental logarithmic cost function which allows the second-order coefficients to change over...

This paper makes use of the adjustment cost hypothesis to develop and compare the results of two dynamic input demand models applied to the U.S. cigarette manufcturing. One of the models presented in this paper is the flexible accelerator model and the other is the rational expectation model....

This article investigates the non-linear adjustment between consumer and producer prices in the Greek milk sector, using a threshold error correction autoregressive model. The results reject the null hypothesis of linear cointegration in favor of a two-regime threshold cointegration model. A...