THE SILENCE BLEATING OF THE LAMBDAS - COMMENT

Authors
LAFRANCE JT
Citation
Jt. Lafrance, THE SILENCE BLEATING OF THE LAMBDAS - COMMENT, American journal of agricultural economics, 80(1), 1998, pp. 221-230
Citations number
12
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
American journal of agricultural economics → ACNP
ISSN journal
00029092
Volume
80
Issue
1
Year of publication
1998
Pages
221 - 230
Database
ISI
SICI code
0002-9092(1998)80:1<221:TSBOTL>2.0.ZU;2-R
Abstract
Alston and Chalfant's least squares test for functional form is biased . A valid test is derived for both univariate and multivariate regress ion models. An estimation method to account for endogenous left-and ri ght-hand-side current-period budget shares in the Rotterdam and LA AID S models is presented. Alston and Chalfant's strenuous rejection of th e LA-AIDS model in favor of the Rotterdam model is not supported by th eir data.