Estimating feed utilisation matrices using a cost function approach [symmetric generalised McFadden (SGM) cost function]
1992
Peeters, L. (Limburgs Universitair Centrum, Diepenbeek (Belgium). Faculteit Toegepaste Economische Wetenschappen) | Surry, Y.
In this paper a multiple output cost function framework is proposed to construct national feed balances or feed utilisation matrices (FUMs). The framework is applied to Belgian compound feed industry. For estimation purpose a symetric generalized McFadden (SGM) cost function is selected. The cost function is estimated using readily available time-series data for the period 1962-1988. Unlike previous studies based on duality theory, this study exploits the properties of nonjointness in animal feed production to establish a complete FUM. The allocation of feed ingredients among different livestock categories as well as the composition of various feeds are identified. also own- and cross- price elasticities of demand for feed ingredients by type of livestock are reported.
اظهر المزيد [+] اقل [-]الكلمات المفتاحية الخاصة بالمكنز الزراعي (أجروفوك)
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