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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/3754

Title: Estimating feed utilization matrices using a cost function approach
Authors: SURRY, Y
PEETERS, Ludo
Issue Date: 1993
Publisher: ELSEVIER SCIENCE BV
Citation: Agricultural economics, 9(2). p. 109-126
Abstract: 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 the Belgian compound feed industry. For estimation purposes a Symmetric Generalised McFadden (SGM) cost function is selected. The cost function is estimated using readily available time-series data for the period 1962-88. 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 compound feeds are identified. Also own- and cross-price elasticities of demand for feed ingredients by type of livestock are reported.
Notes: PEETERS, L, LIMBURGS UNIV CENTRUM,FAC APPL ECON SCI,UNIV CAMPUS,B-3590 DIEPENBEEK,BELGIUM.
URI: http://hdl.handle.net/1942/3754
ISI #: A1993LW19700002
ISSN: 0169-5150
Type: Journal Contribution
Appears in Collections: Research publications

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