Hostname: page-component-78c5997874-s2hrs Total loading time: 0 Render date: 2024-11-06T12:14:40.814Z Has data issue: false hasContentIssue false

A Production Function for Florida Foliage Nurseries From Time-Series and Cross-Section Data*

Published online by Cambridge University Press:  28 April 2015

Dan L. Gunter
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, Florida
Robert D. Emerson
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville, Florida

Extract

The foliage industry is the most rapidly expanding segment of commercial agriculture in Florida [1]. The industry accounted for about $13 million of the agricultural income in 1966 and over $187 million in 1975. The area in production in the state has more than doubled in the last ten years; it was increased from about 26 million square feet in 1966 to just over 65 million square feet in 1975. Nurserymen were expected to expand their production area by about 8.6 million square feet during 1976 [14].

This rapid increase in production area has been from expansion of established producers and entry of new growers into the industry. The producers increased from 163 in 1966 to 262 in 1975. The average foliage nurseryman participating in the Florida Cooperative Extension nursery business analysis program expanded employment from 23 employees in 1970 to 30 in 1975.

Type
Research Article
Copyright
Copyright © Southern Agricultural Economics Association 1977

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

Footnotes

*

Florida Agricultural Experiment Station Journal Series No. 582

References

[1]Institute of Food and Agricultural Sciences. Agricultural Growth in an Urban Age, University of Florida, Gainesville, 1975.Google Scholar
[2]Balestra, Pietro and Nerlove, Mark. “Pooling Cross Section and Time Series Data in Estimation of a Dynamic Model: The Demand for Natural Gas,Econome trica, 34 (3):585612, 1966.CrossRefGoogle Scholar
[3]Bauer, Larry and Hancock, Curtis R.. “The Productivity of Agricultural Research and Extension Expenditures in the Southeast,Southern Journal of Agricultural Economics, 7 (2):117121, 1975.Google Scholar
[4]Friedman, Milton. Price Theory: A Provisional Text, Chicago: Aldine Publishing Co., 1962.Google Scholar
[5]Gunter, Dan L.Business Analysis of Foliage Nurseries in Florida, 1975, Economic Information Report, Food and Resource Economics Department, University of Florida, 1976.Google Scholar
[6]Hoch, Irving. “Estimation of Production Function Parameters Combining Time-Series and Cross-Section Data,Econometrica, 30 (1): 3453, 1962.CrossRefGoogle Scholar
[7]Johnston, J.Econometric Methods, 2nd Edition. New York: McGraw-Hill, 1972.Google Scholar
[8]Lu, Yao-Chi. “Measuring Productivity Change in U.S. Agriculture,Southern Journal of Agricultural Economics, 7 (2):6975, 1975.Google Scholar
[9]Maddala, G. S. “The Use of Variance Components Models in Pooling Cross Section and Time Series Data,Econometrica, 39 (2):341-58, 1971.CrossRefGoogle Scholar
[10]Mundlak, Yair.Empirical Production Function Free of Management Bias,” Journal of Farm Economics, 42 (1):4456, 1961.CrossRefGoogle Scholar
[11]Mundlak, Yair.On the Pooling of Time Series and Cross Section Data,” Unpublished paper—a revised draft of a paper presented at the 1975 Econometric Society meetings, 1976.Google Scholar
[12]Nerlove, Marc. Estimation and Identification of Cobb-Douglas Production Functions, Chicago: Rand-McNally & Co., 1965.Google Scholar
[13]Swamy, P. A. V. B.Efficient Inference in a Random Coefficient Regression Model,Econometrica, 38 (2):311-22, 1970.CrossRefGoogle Scholar
[14]U.S.D.A., Statistical Reporting Service. Flower and Foliage Plants, Production and Sales 1974 and 1975, Intentions for 1976 (and previous years publications), Washington, D.C., 1976.Google Scholar
[15]Wallace, T. D. and Ashiq Hussain. “The Use of Error Components Models in Combining Cross Section with Time Series Data,Econometrica, 37 (1):5572, 1969.CrossRefGoogle Scholar
[16]Zellner, A., Kmenta, J. and Drèze., J.Specification and Estimation of Cobb-Douglas Production Function Models,Econometrica, 34 (4):784795, 1966.CrossRefGoogle Scholar