METHODOLOGY FOR DETERMINING PRODUCTION FUNCTIONS FOR AGRICULTURAL ORGANIZATIONS

DOI 10.32651/2012-50

Issue № 12, 2020, article № 10, pages 50-58

Section: Problems of agroeconomic researches

Language: Russian

Original language title: МЕТОДИКА ОПРЕДЕЛЕНИЯ ПРОИЗВОДСТВЕННЫХ ФУНКЦИЙ ДЛЯ СЕЛЬСКОХОЗЯЙСТВЕННЫХ ОРГАНИЗАЦИЙ

Keywords: PRODUCTION FUNCTION, FEATURE SELECTION, MODEL SELECTION, GAUSS-MARKOV CONDITIONS, AGRICULTURAL ORGANIZATIONS

Abstract: The article analyzes the main works in the field of construction and research of production functions, the task is to build them according to the data of agricultural organizations of the Nizhny Novgorod region engaged in the production of rapeseed, potatoes, cattle meat, and pig meat. The constructed PFs were modified Cobb-Douglas functions, allowing to take into account the influence of the ratio of economic resources used in production on the volume of production, as well as to take into account the effect of the amount of economic resources on their elasticities. The methodology for constructing production functions included the selection of the most significant variables, building models, analyzing the reliability of the models and checking them for the fulfilment of the Gauss-Markov conditions. In the study, the coefficients of 4 production functions were estimated according to the data for 2014-2017, conclusions were drawn, and prospects for further research were outlined.

Authors: CHeremukhin Artem Dmitrievich, Proskura Dmitrii Viktorovich