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An Instrumental Variables Panel Data Approach To Farm Specific Efficiency Estimation

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  • Gardner, Robert

Abstract

An instrumental variables panal data model was applied to a set of dairy farm financial and production records from the states of New York and Pennsylvania and the province of Quebec. This model allowed unbiased efficiency estimation without the drawbacks of a Fixed Effects specification.

Suggested Citation

  • Gardner, Robert, 1998. "An Instrumental Variables Panel Data Approach To Farm Specific Efficiency Estimation," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20988, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea98:20988
    DOI: 10.22004/ag.econ.20988
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    References listed on IDEAS

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    1. Yair Mundlak, 1961. "Empirical Production Function Free of Management Bias," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 43(1), pages 44-56.
    2. Gardner, Robert, 1998. "Unobservable individual effects in unbalanced panel data," Economics Letters, Elsevier, vol. 58(1), pages 39-42, January.
    3. Hausman, Jerry A & Taylor, William E, 1981. "Panel Data and Unobservable Individual Effects," Econometrica, Econometric Society, vol. 49(6), pages 1377-1398, November.
    4. Hausman, Jerry, 2015. "Specification tests in econometrics," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 38(2), pages 112-134.
    5. Ford, Stephen A. & Gardner, Robert & Gripp, Sharon I. & Harsh, Stephen B. & Knoblauch, Wayne A. & Novakovic, Andrew M. & Putnam, Linda D. & Stephenson, Mark W. & Weersink, Alfons & Yonkers, Robert D., 1996. "A Descriptive Analysis Of The Characteristics And Financial Performance Of Dairy Farms In Michigan, New York, Ontario, Pennsylvania And Wisconsin," Research Bulletins 122828, Cornell University, Department of Applied Economics and Management.
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