IDEAS home Printed from https://ideas.repec.org/a/bla/jecrev/v52y2001i2p208-223.html
   My bibliography  Save this article

A Non‐homothetic Globally Concave Flexible Cost Function and its Application to Panel Data

Author

Listed:
  • Shinichiro Nakamura

Abstract

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. JEL Classification Numbers: C33, D24.

Suggested Citation

  • Shinichiro Nakamura, 2001. "A Non‐homothetic Globally Concave Flexible Cost Function and its Application to Panel Data," The Japanese Economic Review, Japanese Economic Association, vol. 52(2), pages 208-223, June.
    • Handle: RePEc:bla:jecrev:v:52:y:2001:i:2:p:208-223
    DOI: 10.1111/1468-5876.00191
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1468-5876.00191
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1468-5876.00191?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    JEL classification:

    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models
    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jecrev:v:52:y:2001:i:2:p:208-223. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/jeaaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.