A Translog Cost Function Analysis of U.S. Agriculture: 1948-1999
| dc.creator | Ball, V. Eldon | |
| dc.creator | Nehring, Richard F. | |
| dc.creator | Moss, Charles B. | |
| dc.creator | Erickson, Kenneth W. | |
| dc.date | 2017-04-01T20:01:26Z | |
| dc.date.accessioned | 2026-07-09T04:26:22Z | |
| dc.description | 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. | |
| dc.identifier | doi:10.22004/ag.econ.35968 | |
| dc.identifier | https://ageconsearch.umn.edu/record/35968/files/sp03er01.pdf | |
| dc.identifier | http://ageconsearch.umn.edu/record/35968 | |
| dc.identifier.uri | http://hdl.handle.net/123456789/549909 | |
| dc.language | eng | |
| dc.publisher | ||
| dc.source | http://ageconsearch.umn.edu/record/35968 | |
| dc.title | A Translog Cost Function Analysis of U.S. Agriculture: 1948-1999 | |
| dc.type | Text |