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Applied production theory: explicit, flexible, and general functional forms

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The problem of estimating elasticity values is considered using a general functional from for the growth rate of input demand. The general input growth equation holds for all functional forms, both flexible and inflexible; it is linear-in-parameters and easy to use in applied production studies. An empirical application compares the theoretical, computational, and predictive characteristics of the translog and general functional forms.

Document Type: Research Article


Publication date: November 1, 1997

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