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Empirical Model

Empirical Model

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Published by: Cephas J. B. Samwini on May 15, 2010
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05/25/2010

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EMPIRICAL MODEL

lnY = α o

1

+ α lniL

2

+ln N αi

3

ln K + α4 i

ln iF

5

+ α ln IN

ln Y=The natural logarithm of farm output lnLi =the natural logarithm of available cultivatable land to the household lnNi=the natural logarithm of the labour employed on the farm lnKi=the natural logarithm of the market value of fixed capital inputs used on the farm. lnFi=The natural logarithm of the quanity of fertilizer used by the farming household lnIN= the natural logarithm of the expenditure on variable inputs. D ε = A dummy variable to indicate the morbidity of malaria = the random error term.

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