A non-homothetic globally concave flexible cost function and its application to panel data

Shinichiro Nakamura*

*この研究の対応する著者

研究成果: Article査読

1 被引用数 (Scopus)

抄録

A new non-homothetic globally concave flexible cost function is introduced and applied to a panel of firms in the Japanese paper and pulp industry. This cost function is a mixture of the generalized McFadden form and the generalized Ozaki form due to Nakamura (1990). A generalized index of technical change is used in place of the standard quadratic form of time-trend. The estimated cost function satisfied global concavity, and the symmetry condition of the Slutsky matrix was not rejected. Homotheticity was strongly rejected.

本文言語English
ページ(範囲)208-223
ページ数16
ジャーナルJapanese Economic Review
52
2
DOI
出版ステータスPublished - 2001 6月

ASJC Scopus subject areas

  • 経済学、計量経済学

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