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文章基本信息

  • 标题:Choosing an Empirical Production Function: Theory, Nonnested Hypotheses, Costs of Specifications
  • 本地全文:下载
  • 作者:Hall, Harry H.
  • 期刊名称:Journal of Food Distribution Research
  • 印刷版ISSN:0047-245X
  • 出版年度:1998
  • 出版社:Food Distribution Research Society
  • 摘要:This paper considers the specification of a production function, using crop-yield response to agricultural lime as an example. The paper first reviews neoclassical production theory, observing that this theory specifies neither the form nor the arguments of a production function. Several functions that are consistent with the theory are then evaluated by goodness-of-fit tests, by nonnested-hypothesis tests, and by "costs of misspecification." Neither goodness-of-fit tests nor nonnested-hypothesis tests provide a clear choice among the candidate functions; costs of misspecification provide some choice.
  • 关键词:functional forms;neoclassical production theory;production functions;response functions;specification.
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