Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/springer-journals/a-non-homothetic-globally-concave-flexible-cost-function-and-its-0CPspJf70Z
References (23)
-
E W Diewert (1971)
An Application of the Shephard Duality Theorem: A Generalized Leontief Production FunctionJournal of Political Economy, 79
-
D Rich (1995)
The Measurement of Firm Specific Indexes of Technical ChangeReview of Economics and Statistics, 77
-
- and - (1995)
?Parametric Panel Data Approaches to Estimating Allocative, Scale, and Technical Inefficiency at the Firm Level?, paper presented at the World Congress of the Econometric Society, Tokyo -
J M Griffin B H Baltagi (1987)
A General Index of Technical ChangeJournal of Political Economy, 96
-
I Tokutsu (1994)
Seisan kouzou no keiryou bunseki -
R Komiya (1962)
Technological Progress and Production Function in the United States Steam Power IndustryReview of Economics and Statistics, 44
-
Christopher Cornwell Scott E. Atkinson (1994)
Parametric Estimation of Technical and Allocative Inefficiency with Panel DataInternational Economic Review, 35
-
- (1974)
?Applications of Duality Teory?, in Frontiers of Quantitative Economics, Vol -
R A Gallant (1975)
Seemingly Unrelated Nonlinear RegressionsJournal of Econometrics, 3
-
J G MacKinnon (1993)
Estimation and Inference in Econometrics -
A Heshmati S C Kumbhakar (1996)
Technical Change and Total Factor Productivity Growth in Swedish Manufacturing IndustriesEconometric Review, 15
-
Z Grilices T J Klette (1996)
The Inconsistency of Common Scale Estimators when Output Prices are Unobserved and EndogenousJournal of Applied Econometrics, 11
-
T Wales (1987)
Flexible Functional Forms and Global Curvature ConditionsEconometrica, 55
-
M H Pesaran K Lee (1997)
Growth and Convergence in a Multi-Country Empirical Stochastic Solow ModelJournal of Applied Econometrics, 12
-
S Nakamura (1990)
A Nonhomothetic Generalized Leontief Cost Function based on Pooled DataReview of Economics and Statistics, 72
-
D E A Giles (1987)
Seemingly Unrelated Regression Equations Models -
D W Jorgenson (1986)
Econometric Methods for Modeling Producer BehaviourHandbook of Econometrics, 3
-
E Biorn (1996)
The Labour Input Response to Permanent Changes in Output Errors in Variables Econometrics based on Panel Data -
J W Chung (1994)
Utility and Production Functions -
I Ozaki (1969)
Economics of Scale and Input Output Coefficients -
R Russell (1978)
Duality, Separability, and Functional Structure -
C Hsiao (1986)
Analysis of Panel Data -
C Cornwell S E Atkinson (1994)
Estimation of Output and Input Technical Efficiency using a Flexible Form and Panel DataInternational Economic Review, 35
- Publisher
- Springer Journals
- Copyright
- 2001 Japanese Economic Association
- ISSN
- 1352-4739
- eISSN
- 1468-5876
- DOI
- 10.1111/1468-5876.00191
- Publisher site
- See Article on Publisher Site
Abstract
Abstract A new non-homothetic globally concave flexible cost function is introduced and applied to a panel of firms in the Japanese paper and pulp industry. This cost function is a mixture of the generalized McFadden form and the generalized Ozaki form due to Nakamura (1990). A generalized index of technical change is used in place of the standard quadratic form of time-trend. The estimated cost function satisfied global concavity, and the symmetry condition of the Slutsky matrix was not rejected. Homotheticity was strongly rejected.
Journal
The Japanese Economic Review – Springer Journals
Published: Jun 1, 2001
Keywords: economics, general; microeconomics; macroeconomics/monetary economics//financial economics; econometrics; development economics; economic history