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Western Agricultural Economics Association >
2003 Annual Meeting, July 13-16, 2003, Denver, Colorado >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/35968
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| Title: | A Translog Cost Function Analysis of U.S. Agriculture: 1948-1999 |
| Authors: | Ball, V. Eldon
Nehring, Richard F.
Moss, Charles B.
Erickson, Kenneth W. |
| Authors (Email): | Ball, V. Eldon (eball@ers.usda.gov)
Nehring, Richard F. (rnehring@ers.usda.gov)
Moss, Charles B. (cbmoss@mail.ifas.ufl.edu)
Erickson, Kenneth W. (erickson@ers.usda.gov) |
| Issue Date: | 2003 |
| Series/Report no.: | Selected Paper of the 2003 Annual Meeting, July 11-15, 2003, Denver, Colorado |
| Abstract: | This study examines the implications of the short-run specification of the standard, static translog cost function along with the possible implications of non-stationarity by estimating a dynamic translog cost specification complete with dynamic share equations for the U.S. using an empirical approach developed by Urga and Walters (2003). We compare the results of the static, long-run model with those of a dynamic, short-run error-correction model in terms of 1) significance of the parameter estimates, and 2) consistency with economic theory. |
| URI: | http://purl.umn.edu/35968 |
| Institution/Association: | Western Agricultural Economics Association>2003 Annual Meeting, July 13-16, 2003, Denver, Colorado |
| Total Pages: | 16 |
| Language: | English |
| Collections: | 2003 Annual Meeting, July 13-16, 2003, Denver, Colorado
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| sp03er01.pdf | 154Kb | PDF | View/Open |
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