Table 2a: Meat and poultry industry cost function parameter estimates.
Variable |
-----------------------------Industry----------------------- | ||
Variable Name |
Meat Slaughter |
Meat Processing |
Poultry Slaughter |
Intercept |
0.056 (0.085) |
0.267*** |
0.193*** (0.071)____________ |
P labor |
0.112*** (0∙008) |
0.193 (0.008) |
0.199 (0.008)___________ |
Pmeat |
0.794*** (0∙018) |
0.658 (0.013) |
0.695 (0.012)___________ |
P capital |
0.094*** |
0.149 (0.008) |
0.106 (0.010)___________ |
TB |
0.925*** (0.055)_________ |
0.775*** (0.050)__________ |
0.721*** (0.085)____________ |
^τ |
-0.145 (0.569)_________ |
0.112 (0.227)__________ |
-0.108 (0.274)____________ |
^s |
-1.427 (3.275) > |
-9.350* (5.292) > |
-2.000 (1.234)____________ |
Plabor *Plabor |
0.056*** (0.020)_________ |
0.059 (0.016) |
0.037 (0.031)____________ |
Pmeat *Pmeat |
-0.054* (0.030)_________ |
0.051 (0.023)__________ |
0.037 (0.036)____________ |
Pcapital *Pcapital |
0.016 |
0.045 |
0.011 |
Plabor*Pmeat |
0.007 (0.012) |
__** -0.032 (0.014)__________ |
7 _ _ _ * * * -0.032 (0.010)____________ |
P labor*P capital |
-0.063*** (0.021)_________ |
-0.027 (0.027) |
-0.005 (0.029)____________ |
P meat*P capital |
0.047* (0.025)_________ |
Ξ Ξ _ ⅛ * * -0.018 (-1.330)__________ |
-0.006 (0.027)____________ |
R2 |
0.91 |
0.77 |
0.78 |
Observations |
97____________ |
219____________ |
57______________ |
* significant at the 90% level, ** significant at the 95% level, *** significant at the 99% level
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