PRODUCTION FUNCTIONS BASED ON SIMULATION MODELS

Date

1990

Author

VICIEN, Carmen

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This study is an effort towards providing a methodological and analytical framework to the measurement of agricultural efficiency at international level. To develop such analysis it was necessary to device a methodology in order to describe the different technological models used in the different regions. A synthetic way of achieving such a task is to represent technology by means of "engineering production functions". The difficulty in the construction of such functions is the necessity of having an instrument that allows, first, reproduction of the physical and technological heterogeneity of the farms, second, production of a large catalogue of technological alternatives independent of the influence of the economic environment and third, the creation of a realistic estimation of risk at farm level. An interesting alternative is to use agricultural simulation models, which represent a technical production function in its original sense, with the purpose of establishing the input-output coefficients for the different combinations of production factors.

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https://hdl.handle.net/11511/110987

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Department of Economics, Article