On the Estimation of Factor Substitution in the Translog Model
Bibliographic Data
| ID | 19316540 |
|---|---|
| Authors | Jae Wan Chung (0000-0002-9015-4622, corresponding author) |
| Year | 1987 |
| Volume | 69 |
| Issue | 3 |
| Pages | 409 |
| Publication date | 1987-08-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Review of Economics and Statistics (JOURNAL) |
| Journal identifiers | ISSN: 0034-6535 • E-ISSN: 1530-9142 |
| Publisher | JSTOR (PUBLISHER) |
| DOI | 10.2307/1925528 |
| OpenAlex | W1988729103 |
| Language | EN |
| Citations received | 3 |
| References cited | 10 |
The conventional approach to computation of the Allen partial elasticities of substitution (AES) in the framewo rk of the translog production function requires to estimate a set of multivariate input-demand functions. This paper proposes an alternati ve way to compute the AESs, requiring only to estimate elasticities v ia a truncated, single cost-share equation. Value-added separability and pairwise factor substitutabilities have both been validated under the nonlinear restriction. The achievements of the alternative appro ach are by and large consistent with those of the conventional approa ch and with those in some of the existing studies. Copyright 1987 by MIT Press
Econometrics · Economics · Estimation · Factor (programming language) · Substitution (logic) · Computer Science · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Monetary Policy and Economic Impact
Elements of Econometrics
The translog function and the substitution of equipment, structures, and labor in U.S. manufacturing 1929-68
Technology, Prices, and the Derived Demand for Energy
Transcendental Logarithmic Production Frontiers
Capital-Energy Substitution in U.S. Manufacturing
Energy Substitution in U.S. Manufacturing
The CES-Translog
Technical Change and the Aggregate Production Function
Interfuel Substitution and the Industrial Demand for Energy
Substitution among Capital, Labor, and Natural Resource Products in American Manufacturing
| Citations per year | 0.08 |
|---|---|
| Citation span | 1990 - 1999 (10) |
| Highly cited | No |