Table 2b Meat and poultry industry cost function parameter estimates: Second order
output, food safety technology terms, and sanitation and process control terms.
|
Variable |
-----------------------------Industry----------------------- | ||
|
Variable Name |
Meat Slaughter |
Meat Processing |
Poultry Slaughter |
|
LB*LB |
-0.004 (0.033)_________ |
0.022 (0.027) |
-0.055 (0.071) ___________ |
|
LB*Plabor |
-0.007* (0.004)_________ |
-0.009** (0.004)__________ |
-0.035 (0.010)____________ |
|
LB*Pmeat |
0.011 (0.012)_________ |
0.010 (0.006)__________ |
0.045 (0.015)_____________ |
|
LB* Pcapital |
-0.002 (0.007)_________ |
-0.001 (0.003)__________ |
-0.010 (0.012)____________ |
|
T*T |
0.349 (0.745)_________ |
-0.680 (0.446)__________ |
-5.726 (2.134)_____________ |
|
T*P к |
-0.015 (0.020)_________ |
0.018 (0.016)__________ |
0.075* (0.042)_____________ |
|
T* P + ɪ ɪ meat |
0.014 (0.048)_________ |
-0.017 (0.025)__________ |
-0.101 (0.0622)___________ |
|
T* Pcapital |
0.001 (0.040__________ |
-0.001 (0.016)__________ |
0.026 (0.049)_____________ |
|
T*LB |
0.013 (0.100)_________ |
0.071 (0.086)__________ |
0.249 (0.336)_____________ |
|
^S*T |
-8.691 (6.446)_________ |
-9.773 (8.220) |
1.060 (6.707)_____________ |
|
^s*S |
53.26 (66.68)_________ |
-320.0** (157.0)__________ |
-5.619 (23.72)_____________ |
|
S*Plabor |
0.136 (0.182)_________ |
-0.094 (0.365)__________ |
0.121 (0.146)_____________ |
|
s* p : ° ɪ meat |
-0.132 (0.437)_________ |
0.406 (0.570)__________ |
-0.192 (0.217)_____________ |
|
S* Pcapital |
-0.004 (0.370)_________ |
-0.312 (0.352)__________ |
0.071 (0.169)_____________ |
|
S*LB |
0.514 (1.268)_________ |
1.392 (1.676)__________ |
1.373 (1.760)_____________ |
|
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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