Can anyone help to estimate total cost under Translog cost function. I have input output and input cost data. It would be highly appreciated if someone can provide a software demo to estimate the same is given.
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This article might be of help: https://ageconsearch.umn.edu/bitstream/122709/2/sjart_st0160.pdf
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$\begingroup$ thanks for your help. But any software that can facilitate the computation?? $\endgroup$ – Dr. Joyeeta Deb Oct 4 '18 at 3:23
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You can use any software for this purpose. With R for instance you will find examples here:
https://rdrr.io/rforge/micEcon/man/translogCostEst.html
It is probably a good exercise however, to do it by hand...
