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A TRANSLOG COST FUNCTION ANALYSIS OF U.S. AGRICULTURE: A DYNAMIC SPECIFICATION
2003This study has used an empirical approach developed by Urga and Walters (2003) to examine the implications of the short-run specification of the standard translog cost specification along with the possible implications of non-stationarity. We have estimated a dynamic translog cost specification complete with dynamic share equations for U.S. agriculture
Moss, Charles B. +7 more
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Interrelated factor demands for manufacturing: A dynamic translog cost function approach
European Economic Review, 1989Abstract In this paper we report the results of estimating a joint model for labour, capital and energy using the transcendental logarithmic cost function of Christensen, Jorgenson and Lau (1973). This allows us to determine both the own price and cross elasticities of substitution between labour, capital and energy.
Sean Holly, Peter Smith
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The Translog Cost Function and Import Demand: The Case of Mexico
Southern Economic Journal, 1994The purpose of this paper is to estimate for Mexico an aggregate transcendental logarithmic cost function which includes imports as a factor of production. The nature of Mexico's demand for imports will be given particular attention, since this relationship has implications for the outcomes of many government policies, including changing tariff rates ...
Lila J. Truett +2 more
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Translog Cost Function: An application for Bangladesh Agriculture
Asian Accounting and Auditing Advancement, 2011This study is concerned with factor substitution in Bangladesh agriculture. The translog cost function is used to study both substitutability and complementarity relationships between inputs. Using homothetic structure, the Allen partial elasticities of substitution (AES) is estimated to examine the nature of factor substitution among the four inputs ...
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Estimating an hedonic translog cost function for the home health care industry
Applied Economics, 1998Medicare home health care plays an important role in providing cost effective care for the chronically ill and elderly. Long seen as a cost effective substitute for nursing home care, home care has become even more important with expenditures increasing by 31.4% from 1990 to 1996.
Cynthia S. Dudzinski +2 more
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Translog Cost Functions: An Application for Mexican Manufacturing.
2007We use translog cost functions to estimate own-price and substitution elasticities of input demands, economies of scale and average costs in Mexican manufacturing. Data from the Mexican Annual Industrial Survey is used for 1996, 2000 and 2003. We show that a model that allows for nonhomotheticity and nonunitary elasticities of substitution is ...
Héctor Salgado Banda +1 more
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Economics Letters, 1982
Abstract This note supplies approximate variance formulas for the Allen Partial Elasticities of Substitution estimated with a three-input translog cost function. These formulas are based on a first-order Taylors series approximation to the true but unknown variances.
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Abstract This note supplies approximate variance formulas for the Allen Partial Elasticities of Substitution estimated with a three-input translog cost function. These formulas are based on a first-order Taylors series approximation to the true but unknown variances.
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Two Step Estimation Method for Translog Cost Function : An Application to Spanish Airport Network
International journal of transport economicsThis article reports on the use of a two-step estimation method to analyze the productive structure of the airport industry in Spain. The author used the dual cost function and translog joint cost function to complete the estimation method. The author derives some parameters from the translog function such as economies of scale and price elasticities ...
Cejas, Martin, Rendeiro, Roberto
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The CES-Translog: Specification and Estimation of a New Cost Function
The Review of Economics and Statistics, 1984Pollak, Robert A +2 more
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Choice of the Empirical Definition of Zero in the Translog Multiproduct Cost Functional Form
2005This study examines the impacts of empirical definition of zero output values on price elasticities, economy of scope, and scale using the Translog cost function. A system of cost and factor share equations with regularity conditions imposed is estimated. Results show that the choice of default values affects policy recommendations.
N'Guessan, Yapo G. +5 more
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