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The Almost Ideal Supply System And Agricultural Production In The United States

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  • Hilmer, Christiana E.
  • Holt, Matthew T.

Abstract

This paper estimates an Almost Ideal Supply System using aggregate U.S. agricultural data. Share equations derived from an indirect production function yield elasticities that are consistent with production theory. A nested test comparing the Almost Ideal Supply System to the Translog Production Function finds little difference between the two models.

Suggested Citation

  • Hilmer, Christiana E. & Holt, Matthew T., 1999. "The Almost Ideal Supply System And Agricultural Production In The United States," 1999 Annual meeting, August 8-11, Nashville, TN 21659, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea99:21659
    DOI: 10.22004/ag.econ.21659
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    References listed on IDEAS

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    7. Lewbel, Arthur, 1989. "Nesting the AIDS and Translog Demand System," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 30(2), pages 349-356, May.
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    Cited by:

    1. Thompson, Alexi, 2013. "An almost ideal supply system estimate of US energy substitution," Energy Economics, Elsevier, vol. 40(C), pages 813-818.

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