Results 131 to 140 of about 617 (168)
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Measuring Dynamic Marketing Mix Interactions Using Translog Functions
The Journal of Business, 1982Jagpal et al. (1979) showed, using multiplicative nonhomogeneous (MNH) sales response functions, that current econometric specifications for measuring marketing mix interactions and/or carryover effects may be structurally restrictive, regardless of their predictive usefulness. They concluded that there is a need for more flexible specifications of the
Jagpal, Harsharanjeet S +2 more
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Journal of Macroeconomics, 2010
Abstract The macroeconomic growth equation based on the Solow model with translog technology is derived and compared to Wicksell–Cobb–Douglas. Both the basic model with physical capital and the augmented model with physical and human capital are presented.
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Abstract The macroeconomic growth equation based on the Solow model with translog technology is derived and compared to Wicksell–Cobb–Douglas. Both the basic model with physical capital and the augmented model with physical and human capital are presented.
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Confidence Intervals for Elasticity Estimators in Translog Models
The Review of Economics and Statistics, 1986This paper examines the distribution fu nctions of elasticity estimators in translog demand models. The authors consider the normaland ratio-of-normals distributions and present confidence intervals for the elasticity estimators. The results suggest that only elasticity estimato rs based on the means of the actual cost shares are likely to follow ...
Anderson, Richard G, Thursby, Jerry G
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The Minflex Laurent Translog Flexible Functional Form
Journal of Econometrics, 1985The author's minflex-Laurent generalized Leontief model [see ''The flexible Laurent demand system'', Proc. 1982 Am. Econ. Assoc. Meet., Business Econ. Stat. Sect., 82-89 (1982)] was produced from a special case of a second-order Laurent series expansion in the square roots. In this paper we produce a minflex-Laurent translog flexible functional form by
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Accuracy of the translog function
Applied Economics Letters, 1994There has been some discussion of the accuracy of the translog approximation. Various simulation studies have generated different assessments. It is shown that when data are generated using known elasticities but no explicit production or cost function, the translog estimates of own price and cross-price elasticities prove reasonably accurate.
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Nesting the Aids and Translog Demand Systems
International Economic Review, 1989This paper shows that there exists a relatively simple demand model that is consistent with utility maximization, and has nested within it both the almost ideal demand system and translog models. This model is exactly aggregated, then estimated using aggregate U.S. demand data.
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Third-Order Translog Utility Functions
Journal of Business & Economic Statistics, 1986This article examines the advantages of estimating a third-order rather than a second-order translog utility function in a theoretical and empirical context. It is demonstrated that the rigor of tests for appropriate functional form is increased by increasing the order of approximation.
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Import Demand for India: A Translog Cost Function Approach
Economic Development and Cultural Change, 1984Most developing countries depend heavily on imported resources in the form of raw materials or supplemental capital to increase their per capita income. However, most of the conventional macromodels have neglected the factor input aspect of imports.
Mohabbat, Khan A +2 more
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Dual Second‐ and Third‐Order Translog Models of Production
American Journal of Agricultural Economics, 1991AbstractMonte Carlo evidence indicates that translog cost and profit models are generally incapable of accurately characterizing the underlying production technology. In order to discriminate between tracking difficulties caused by truncation of important high‐order terms and errors in variable bias, Monte Carlo experiments are performed with secondand
Paul J. Driscoll, Richard Boisvert
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A Translog Cost Function for Urban Bus Transit
The Journal of Industrial Economics, 1981SEVERAL authors-among them Fisher and Viton [8], Keeler et al. [i2], Pozdena [I 7], and Small [22, 23] have pointed out the apparent superiority of bus transit over other forms of mass transit. The conclusions of these analyses rest on the following framework: in a given transportation market structure, consider the full costs of providing a trip of ...
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