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In 1944, Marschak and Andrews published a seminal paper on how to obtain consistent estimates of a production technology. The original formulation of the econometric model regarded the joint estimation of the production function together with the first-order necessary conditions for...
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This paper examines the effects that purchased services and imported intermediate materials have on the labour demand for different skills in the manufacturing sector. We derive and estimate a factor demand system based on the generalised Box-Cox cost function nesting both the normalised...
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subsidies relative to total costs. However, we also find that non-subsidized firms perform better in terms of cost efficiency …. -- Stochastic cost frontier ; subsidies ; heteroscedasticity ; local public bus transportation ; cost efficiency ; panel data …
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