MULTIDIMENSIONAL EVALUATION OF FLEXIBLE FUNCTIONAL FORMS FOR PRODUCTION ANALYSIS

Several common flexible functional forms are evaluated for Texas agricultural production utilizing three procedures. Nested hypothesis tests indicate that the normalized quadratic is the marginally-preferred functional form followed by the generalized Leontief. Predictive accuracy results are ambiguous between the generalized Leontief and the normalized quadratic. Statistical performance favors the normalized quadratic. These two functional forms consistently dominate the translog.


Issue Date:
1993-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/15046
Published in:
Journal of Agricultural and Applied Economics, Volume 25, Number 2
Page range:
106-118
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-23

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