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The economic literature on pest control exclusively assumes a non-negative marginal product of pesticides based on a monotonic non-decreasing function of damage abatement, which may bias pesticide productivity estimates. This paper proposes a specification that allows for a negative marginal...
Persistent link: https://www.econbiz.de/10005563973
Generalised maximum entropy methods are used to estimate a dual model of production on panel data of Dutch cash crop farms over the period 1970-1992. The generalised maximum entropy approach allows a coherent system of input demand and output supply equations to be estimated for each farm in the...
Persistent link: https://www.econbiz.de/10005563978
The presence of investment cycles demonstrates the long-run policy of firms investing in particular periods (investment spikes) with lower or zero investment levels in between, which contradicts the smooth pattern predicted by a convex adjustment model. This paper investigates the spells between...
Persistent link: https://www.econbiz.de/10005305581
This article calculates nonparametric measures of total factor productivity growth on Dutch horticultural firms in the period 1976-1995. Individual components of total factor productivity growth, i.e., efficiency change and technical change are regressed on socioeconomic factors reflecting the...
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