Description Usage Arguments Author(s) See Also Examples
View source: R/print.snqProfitEst.R
This function prints a summary estimation results of a symmetric normalized quadraric (SNQ) profit function.
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Arne Henningsen
1 2 3 4 5 6 7 8 9 10 | ## Not run: library( systemfit )
data( germanFarms, package = "micEcon" )
germanFarms$qOutput <- germanFarms$vOutput / germanFarms$pOutput
germanFarms$qVarInput <- -germanFarms$vVarInput / germanFarms$pVarInput
germanFarms$qLabor <- -germanFarms$qLabor
priceNames <- c( "pOutput", "pVarInput", "pLabor" )
quantNames <- c( "qOutput", "qVarInput", "qLabor" )
estResult <- snqProfitEst( priceNames, quantNames, "land", data = germanFarms )
print( estResult )
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Estimation results of the SNQ profit function:
Functional form: default (0)
Estimation method: SUR
Estimated coefficients:
value std.err t-value prob
alpha 1 -97327.4027 37623.9488 -2.5868471 1.264236e-02
alpha 2 -86797.9576 17777.5639 -4.8824439 1.114097e-05
alpha 3 -19345.1791 3775.3417 -5.1240869 4.835754e-06
beta 1 1 -38029.0727 17199.2199 -2.2110929 3.163093e-02
beta 1 2 32859.3598 15743.5034 2.0871695 4.199050e-02
beta 1 3 5169.7129 2414.6340 2.1409923 3.717372e-02
beta 2 1 32859.3598 15743.5034 2.0871695 4.199050e-02
beta 2 2 -27854.1492 14709.6934 -1.8935914 6.407267e-02
beta 2 3 -5005.2106 2293.5586 -2.1822902 3.381336e-02
beta 3 1 5169.7129 2414.6340 2.1409923 3.717372e-02
beta 3 2 -5005.2106 2293.5586 -2.1822902 3.381336e-02
beta 3 3 -164.5024 607.3175 -0.2708672 7.876083e-01
delta 1 1 10459.6184 2429.9630 4.3044352 7.790735e-05
delta 2 1 2621.1740 1081.7413 2.4231061 1.905133e-02
delta 3 1 532.5423 239.3199 2.2252319 3.060584e-02
gamma 1 1 -294.1384 115.2189 -2.5528665 1.378313e-02
R-squared values of the netput equations:
qOutput qVarInput qLabor profit
0.9746943 0.4488089 0.3508616 0.2554592
Price elasticities of the netputs:
pOutput pVarInput pLabor
qOutput -0.3622530 0.2845257 0.077727272
qVarInput -0.5563251 0.4065936 0.149731512
qLabor -0.3365767 0.3316017 0.004974981
warning: this profit function is not convex in netput prices.
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