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Most empirical studies seeking to estimate firm-level production technologies via proxy variable estimators focus on single-output production functions despite that, in practice, the majority of firms produce multiple outputs. Arguably, the primary reason for vast popularity of a single-product...
Persistent link: https://www.econbiz.de/10012853511
Productivity studies that use proxy variable estimators routinely specify single-output production functions despite most firms producing multiple outputs. This is usually accomplished by aggregating the firm's outputs using total revenue. Such a formulation rarely provides an adequate...
Persistent link: https://www.econbiz.de/10013236942
This article uses panel data estimation techniques to examine technical efficiency of individual dairy farms in … a number of conventional panel data models and Greene's recently proposed true random-effects model, as well as an …
Persistent link: https://www.econbiz.de/10012750191
The Fourier Flexible form provides a global approximation to an unknown data generating process. In terms of limiting function specification error, this form is preferable to functional forms based on second-order Taylor series expansions. The Fourier Flexible form is a truncated Fourier series...
Persistent link: https://www.econbiz.de/10011782092
Persistent link: https://www.econbiz.de/10012430393
and four rounds (2010, 2013, 2016, 2019) in Malawi. By using the balanced panel of households that participated in all the …
Persistent link: https://www.econbiz.de/10014575314
This study investigates convergence in farm size for the period, 1982-1992. Mood's median test is applied to test the hypothesis that the distribution of farm size is equal across 1982, 1987, and 1992. Markov chain model is further applied to characterize the long run tendency of farm size...
Persistent link: https://www.econbiz.de/10014182980
The performances of alternative two-stage estimators for the endogenous switching regression model with discrete dependent variables are compared, with regard to their usefulness as starting values for maximum likelihood estimation. This is especially important in the presence of large...
Persistent link: https://www.econbiz.de/10014193103
This paper uses a directional output distance function to estimate a multi-output production frontier for a sample of experimental plots grown for the Sustainable Agriculture Farming Systems project at the University of California, Davis. Cross-sectional technical efficiency indices are...
Persistent link: https://www.econbiz.de/10014224302