ESTIMATION OF PRODUCTION FUNCTIONS INCORPORATING BIOTECHNOLOGY FOR MILK, CHEESE AND FAT

This study represents a specification search for production functions which incorporate biotechnology. A linear, a Cobb-Douglas, a quadratic, and a transcendental function for milk, cheese and fat, incorporating bovine growth hormone were fitted to the data set. The results indicated a statistically positive and significant relationship between bovine growth hormone and the production of milk, cheese, and fat. The analysis of the estimated average physical products indicated an increase in the amount of feed and the feed efficiency, shown by an increase in the average physical products per unit of dry matter intake.