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Agricultural and Food Economics

Table 3 Empirical estimates of selected production functions empirical specifications

From: How to assess future agricultural performance under climate change? A case-study on the Veneto region

Dependent variable: agricultural yields (2009–2012)

Explanatory variables

Cobb-Douglas specification

Translog specification

(Log)machinery

0.03

–

(Log)labor

0.23***

0.32**

(Log)water

0.16***

–

(Log)land

0.60***

1.16***

(Log)labor2

–

0.05***

(Log)land2

–

0.06***

(Log)labor*land

–

− 0.07***

Constant

4.01***

4.15***

Rsquared

0.67

0.68

  1. ***5% statistical significant, *10% statistical significant
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