UM  > 社會科學學院
A New Approach to Model GNP Functions: An Application of Non-Separable Two-Stage Technologies
Wong, Gary K. K.
1998-06-01
Source Publicationresearch in agricultural & applied economics
Abstract

This paper shows that two-stage technologies can provide a general procedure for combining profit and value-added functions to obtain new specifications of import demand and output supply systems. In such technologies, we assume that imports interact with other exogenous variables to produce intermediate inputs, which are in turn used to produce final outputs. To show the utility of this new approach, we use it to specify and estimate the Australian GNP function. As will be seen, our proposed framework has an attractive property: the capability of incorporating exogenous effects such as labour and capital endowments within a strong theoretical underpinning. We investigate a new GNP function for which the demand and supply systems are effectively globally regular. Our results demonstrate that the new approach is feasible and promising while the estimated elasticities are not significantly different from those of the traditional models.

Language英语
Fulltext Access
Document TypeJournal article
CollectionFaculty of Social Sciences
DEPARTMENT OF ECONOMICS
AffiliationUniversity of Macau
First Author AffilicationUniversity of Macau
Recommended Citation
GB/T 7714
Wong, Gary K. K.. A New Approach to Model GNP Functions: An Application of Non-Separable Two-Stage Technologies[J]. research in agricultural & applied economics,1998.
APA Wong, Gary K. K..(1998).A New Approach to Model GNP Functions: An Application of Non-Separable Two-Stage Technologies.research in agricultural & applied economics.
MLA Wong, Gary K. K.."A New Approach to Model GNP Functions: An Application of Non-Separable Two-Stage Technologies".research in agricultural & applied economics (1998).
Related Services
Recommend this item
Bookmark
Usage statistics
Export to Endnote
Google Scholar
Similar articles in Google Scholar
[Wong, Gary K. K.]'s Articles
Baidu academic
Similar articles in Baidu academic
[Wong, Gary K. K.]'s Articles
Bing Scholar
Similar articles in Bing Scholar
[Wong, Gary K. K.]'s Articles
Terms of Use
No data!
Social Bookmark/Share
All comments (0)
No comment.
 

Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.