Table 2.
Estimation of cost functions.
| Ln cost of output | Coefficient | Standard error | Z | P value > z |
|---|---|---|---|---|
| Ln of output | 0.47646531∗∗∗ | 0.1013794 | 4.70 | 0.000 |
| Ln cost of seed | 0.32506669∗∗ | 0.1603711 | 2.03 | 0.043 |
| Ln cost of land | 0.34094717∗∗ | 0.1341895 | −2.54 | 0.011 |
| Ln cost of labor | 0.02229082 | 0.0804879 | −0.28 | 0.782 |
| Constant | 8.3712285∗∗∗ | 0.8062753 | 10.38 | 0.000 |
| /lnsig2v | −1.413302 | 0.1241996 | ||
| /lnsig2u | −7.619796 | 67.22597 | ||
| sigma_v | 0.4932936 | 0.0306334 | ||
| sigma_u | 0.0221504 | 0.7445425 | ||
| sigma2 | 0.2438292 | 0.0348104 | ||
| Lambda | 0.0449032 | 0.757197 |
∗ , ∗∗, and ∗∗∗ refers to10%, 5%, and 1% significance levels, respectively. Source: stochastic cost frontier model result.