Estimating Input Use and Production Costs From Farm Survey Panel Data

Hallam, David and Bailey, Alastair and Jones, Philip and Errington, Andrew (1999) Estimating Input Use and Production Costs From Farm Survey Panel Data. Journal of Agricultural Economics, 50 (3). pp. 440-449. ISSN 0021-857X . (The full text of this publication is not available from this repository)

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Abstract

Econometric estimation of enterprise input use and production costs offers a less expensive alternative to special surveys. Estimates of input allocation are of use within programming models, for policy analysis and income forecasting. However, simple ordinary least squares estimation has been plagued by a number of problems and the results have been disappointing. This paper provides some empirical evidence on the extent to which these problems can be overcome, or at least mitigated, through exploitation of panel data sets and appropriate panel data estimation techniques. The results confirm that this approach provides some improvement in estimation results, but some practical and methodological problems remain.

Item Type: Article
Subjects: S Agriculture
Divisions: Faculties > Social Sciences > Kent Business School > Agri-Environment Economics
Faculties > Social Sciences > Kent Business School
Depositing User: Alastair Bailey
Date Deposited: 14 Jun 2009 10:46
Last Modified: 15 Apr 2014 15:29
Resource URI: http://kar.kent.ac.uk/id/eprint/8242 (The current URI for this page, for reference purposes)
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