The authors examine the small sample properties and forecasting performance of estimators In models using the Box-Cox transformation via a Monte Carlo experiment They develop a simple,estimator for the expected value of the untransformed dependent variable They show that the sign and magnitude...

The paper brings a survey of flexible functional forms and summarizes the theoretical properties of several economic functional types (indirect utility, cost, expenditure function and the appropriate input demand systems). The notions of flexibility of the functional fonn (relating to the...

The availability of efficiency estimation software freely distributed via the internet and relatively easy to use recently inflated the number of corresponding applications. The resulting efficiency estimates are often used without a critical assessment with respect to the literature on...

The availability of efficiency estimation software – freely distributed via the internet and relatively easy to use – recently inflated the number of corresponding applications. The resulting efficiency estimates are used without a critical assessment with respect to the literature on...

The availability of efficiency estimation software –freely distributed via the internet and relatively easy to use –recently inflated the number of corresponding applications. The resulting efficiency estimates are often used without a critical assessment with respect to the literature on...

Existing studies of agricultural production largely neglect technology heterogeneity. However, the assumption of homogeneous production may result in inadequate policy implications. There is a growing literature on this issue. In this paper we contribute to this literature by modelling the...

This paper empirically investigates the implications of the choice of dates when imposing local restrictions to maintain convexity in output prices and concavity in factor endowments in the the estimation of a GNP function approximated by a translog (TL) function. Using macroeconomic data for...