Incorporating Price-Induced Innovation in a Symmetric Generalised McFadden Cost Function with Several Outputs

Journal of Productivity Analysis

Volumn 14, Issue 1, 2000, Pages 53-70

  Peeters, Ludo ^a   Surry, Yves ^b  

^a HASSELT UNIVERSITY   (Belgium)

^b CEMAGREF   (France)

Author keywords

Cost function; Linear splines; Multiple outputs; Non jointness; Partial adjustment; Price induced innovation

Indexed keywords

EID: 0034417045     PISSN: 0895562X     EISSN: None     Source Type: Journal    
DOI: 10.1023/A:1007843928635     Document Type: Article

References (26)

1. Berndt, E., M. Fuss, and L. Wavermann. (1977). Dynamic Models of the Industrial Demand for Energy. Electric Power Research Institute. Palo Alto.
2. Binswanger, H.P. (1974). "The measurement of technological change biases with many factors of production." American Economic Review 64, 964-976.
3. Binswanger, H.P. (1978). "Issues in modeling induced technical change." In H. P. Binswanger and H. Ruttan (eds.), Induced Innovation: Technology, Institutions and Development. Washington, DC: The Johns Hopkins University Press, pp. 91-128.
4. Celikkol, P. and S.E. Stefanou. (1999). "Measuring the impact of price-induced innovation on technological progress: application to the U.S. food processing and distribution sector." Journal of Productivity Analysis 12, 135-151.
5. Diewert, W.E. and T.J. Wales. (1987). "Flexible functional forms and global curvature conditions." Econometrica 55, 43-68.
6. Diewert, W.E. and T.J. Wales. (1988). "A normalized quadratic semiflexible functional form." Journal of Econometrics 37, 327-342.
7. Diewert, W.E. and T.J. Wales. (1992). "Quadratic spline models for producer's supply and demand functions." International Economic Review 33, 705-722.
8. Fulginiti, L. (1994). "Price-conditional technology." Journal of Agricultural and Resource Economics 19, 161-172.
9. Hall, R. (1973). "The specification of technology with several outputs." Journal of Political Economy 81, 878-893.
10. Hayami, Y. and V.W. Ruttan. (1970). "Factor prices and technical change in agricultural development: the United States and Japan, 1880-1960." Journal of Political Economy 78, 1115-1141.
11. Kako, T. (1978). "Decomposition analysis and derived demand for factor inputs: the case of rice production in Japan." American Journal of Agricultural Economics 60, 628-635.
12. Kohli, U. (1981). "Nonjointness and factor intensity in U.S. production." International Economic Review 22, 3-18.
13. Kohli, U. (1993). "A symmetric normalized quadratic GNP function and the U.S. demand for imports and supply of exports." International Economic Review 34, 243-255.
14. Kohli, U. (1994a). "Canadian imports and exports by origin and destination: a semi-flexible approach." Canadian Journal of Economics 27, 580-603.
15. Kohli, U. (1994b). "Technological biases in U.S. aggregate production." Journal of Productivity Analysis 5, 5-22.
16. Krinsky, I. and A.L. Robb. (1986). "On approximating the statistical properties of elasticities." The Review of Economics and Statistics 68, 715-719.
17. Kumbhakar, S.C. (1994). "A multiproduct Symmetric Generalized McFadden cost function." Journal of Productivity Analysis 5, 349-357.
18. Lasserre, P. and P. Ouellette. (1991). "The measurement of productivity and scarcity rents: the case of asbestos in Canada." Journal of Econometrics 48, 287-312.
19. Lau, L.J. (1978). "Testing and imposing monotonicity, convexity, and quasi-convexity constraints." In M. Fuss and D. McFadden (eds.), Production Economics: A Dual Approach to Theory and Applications. Volume 1. North-Holland, pp. 409-455.
20. Livernois, J.R. and D.L. Ryan. (1989). "Testing for non-jointness in oil and gas exploration: a variable profit function approach." International Economic Review 30, 479-504.
21. Machado, F.S. (1995). "Testing the induced innovation hypothesis using cointegration analysis." Journal of Agricultural Economics 46, 349-360.
22. Peeters, L. (1995). "Measuring biases of technical change: the case of cereals displacement in livestock ration formulation in Belgium." European Review of Agricultural Economics 22, 137-156.
23. Peeters, L. and Y. Surry. (1993a). "An econometric approach for measuring substitution and allocation of marketable feed inputs." VIIth European Congress of Agricultural Economists Stresa, Italy.
24. Peeters, L. and Y. Surry. (1993b). "Estimating feed utilisation matrices using a cost function approach." Agricultural Economics 9, 109-126.
25. Rask, K. (1995). "The structure of technology in Brazilian sugarcane production, 1975-87: an application of a modified Symmetric Generalized McFadden cost function." Journal of Applied Econometrics 10, 221-232.
26. Stevenson, R. (1980). "Measuring technological bias." American Economic Review 70, 162-173.