Econometrics of joint production: another approach. [Petroleum refining and petrochemicals production]

Journal Article · Tue Nov 01 00:00:00 EST 1977 · Rev. Econ. Stat.; (United States)

DOI:https://doi.org/10.2307/1928703· OSTI ID:5249522

Griffin, J M

The pseudo data approach to the joint production of petroleum refining and chemicals is described as an alternative that avoids the multicollinearity of time series data and allows a complex technology to be characterized in a statistical price possibility frontier. Intended primarily for long-range analysis, the pseudo data method can be used as a source of elasticity estimate for policy analysis. 19 references.

• OSTI ID: 5249522
• Journal Information: Rev. Econ. Stat.; (United States), Vol. 59:4
• Country of Publication: United States
• Language: English

Related Subjects

29 ENERGY PLANNING
POLICY AND ECONOMY
02 PETROLEUM
INDUSTRY
ECONOMETRICS
PRODUCTION
CHARGES
COST
ECONOMIC ELASTICITY
ECONOMICS
FORECASTING
PETROCHEMICALS
PETROLEUM REFINERIES
PLANNING
STATISTICS
MATHEMATICS
PETROLEUM PRODUCTS
290200* - Energy Planning & Policy- Economics & Sociology
290100 - Energy Planning & Policy- Energy Analysis & Modeling
294002 - Energy Planning & Policy- Petroleum
020700 - Petroleum- Economics
Industrial
& Business Aspects