Recently, Bhatti and Khan considered various functional forms to see their suitability in terms of efficiency and competency in assessing production process based on agricultural data. This paper reviews some models recently used in the literature and selects the most suitable one for measuring...

Purpose – The focus of this paper is to develop an econometric model that measures the changes in GDP for the OIC states. Design/methodology/approach – This paper focuses on the development of an econometric model which measures the changes of gross domestic product (GDP) for the members of...

This paper briefly introduces the concept of model selection, reviews recent development in the area of econometric analysis of model selection and addresses some of the crucial issues that are being faced by researchers in their routine research problems. The paper emphasizes on the importance...