A Fourier analysis of the US dairy industry

References

• Ball , VE , Hallahan , C and Nehring , R . 2004 . Convergence of productivity: an analysis of the catch-up hypothesis within a panel of states . American Journal of Agricultural Economics , 86 : 1315 – 21 .
   Google Scholar
• Baumol , WJ , Panzar , JC and Willig , RD . 1982 . Contestable Markets and the Theory of Industry Structure , New York : Harcourt Brace Jovanovich .
   Google Scholar
• Chalfant , JA and Gallant , AR . 1985 . Estimating substitution elasticities with the Fourier cost function . Journal of Econometrics , 28 : 205 – 22 .
   Web of Science ®Google Scholar
• Das , A and Das , S . 2007 . Scale economies, cost complementarities and technical progress in Indian banking: evidence from Fourier flexible functional form . Applied Economics , 39 : 565 – 80 .
   Web of Science ®Google Scholar
• Eastwood , BJ and Gallant , AR . 1991 . Adaptive rules for semi-nonparametric estimators that achieve asymptotic normality . Econometric Theory , 7 : 307 – 40 .
   Web of Science ®Google Scholar
• Gallant , AR . 1981 . On the bias in flexible functional forms and an essentially unbiased form: the Fourier flexible form . Journal of Econometrics , 15 : 211 – 45 .
   Web of Science ®Google Scholar
• Gallant , AR . 1982 . Unbiased determination of production technologies . Journal of Econometrics , 20 : 285 – 323 .
   Web of Science ®Google Scholar
• Girardone , C , Molyneux , P and Gardener , EPM . 2004 . Analysing the determinants of bank efficiency: the case of Italian banks . Applied Economics , 36 : 215 – 27 .
   Web of Science ®Google Scholar
• Huang , T-H and Wang , M-H . 2004a . Comparisons of economic inefficiency between output and input measures of technical inefficiency using the Fourier flexible cost function . Journal of Productivity Analysis , 22 : 123 – 42 .
   Web of Science ®Google Scholar
• Huang , T-H and Wang , M-H . 2004b . Estimation of scale and scope economies in multiproduct banking: evidence from the Fourier flexible functional form with panel data . Applied Economics , 36 : 1245 – 53 .
   Web of Science ®Google Scholar
• Kasman , A . 2002 . Cost efficiency, scale economies, and technological progress in Turkish banking . Central Bank Review , 1 : 1 – 20 .
   Google Scholar
• Kraft , E , Hofler , R and Payne , J . 2006 . Privatization, foreign bank entry and bank efficiency in Croatia: a Fourier-flexible function stochastic cost function analysis . Applied Economics , 38 : 2075 – 88 .
   Web of Science ®Google Scholar
• Melhim , A , O'Donoghue , E and Shumway , CR . 2009 . Do the largest firms grow and diversify the fastest: the case of US dairies . Review of Agricultural Economics , 31 : 284 – 302 .
   Google Scholar
• Melhim , A and Shumway , CR . 2011 . Enterprise diversification in US dairy: impact of risk preferences on scale and scope economics . Applied Economics , 43 : 3849 – 62 .
   Web of Science ®Google Scholar
• Mitchell , K and Onvural , N . 1996 . Economies of scale and scope at large commercial banks: evidence from the Fourier flexible functional form . Journal of Money, Credit, and Banking , 28 : 178 – 9 .
   Web of Science ®Google Scholar
• Mosheim , R and Lovell , CAK . 2009 . Scale economies and inefficiencies of US dairy farms . American Journal of Agricultural Economics , 91 : 777 – 94 .
   Web of Science ®Google Scholar
• Pollak , RA and Wales , TJ . 1991 . The likelihood dominance criterion: a new approach to model selection . Journal of Econometrics , 47 : 227 – 42 .
   Web of Science ®Google Scholar
• Skolrud , TD , O'Donoghue , E , Shumway , CR and Melhim , A . 2007 . Firm growth, consolidation, and diversification: Washington dairy industry . Choices , 22 : 125 – 8 .
   Google Scholar
• Weisstein , EW . (2009) Fourier series. MathWorld - A Wolfram Web Resource. Available at http://mathworld.wolfram.com/FourierSeries.html (accessed 11 April 2009)
   Google Scholar
• Wheelock , DC and Wilson , PW . 2001 . New evidence on returns to scale and product mix among US commercial banks . Journal of Monetary Economics , 47 : 653 – 74 .
   Web of Science ®Google Scholar
• White , H . 1980 . Using least squares to approximate unknown regression functions . International Economic Review , 21 : 149 – 70 .
   Web of Science ®Google Scholar