Econometric estimation of the "Constant Elasticity of Substitution" function in R: the micEconCES package

Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt

Standard

Econometric estimation of the "Constant Elasticity of Substitution" function in R : the micEconCES package. / Henningsen, Arne; Henningsen, Géraldine; Literáti, Gergő .

Handbook of Research Methods and Applications in Empirical Microeconomics. red. / Nigar Hashimzade; Michael A. Thornton. Edward Elgar Publishing, 2021. s. 596–640 (Handbooks of Research Methods and Applications).

Publikation: Bidrag til bog/antologi/rapport › Bidrag til bog/antologi › Forskning › fagfællebedømt

Harvard

Henningsen, A, Henningsen, G & Literáti, G 2021, Econometric estimation of the "Constant Elasticity of Substitution" function in R: the micEconCES package. i N Hashimzade & MA Thornton (red), Handbook of Research Methods and Applications in Empirical Microeconomics. Edward Elgar Publishing, Handbooks of Research Methods and Applications, s. 596–640. <https://www.elgaronline.com/view/edcoll/9781788976473/9781788976473.00030.xml>

APA

Henningsen, A., Henningsen, G., & Literáti, G. (2021). Econometric estimation of the "Constant Elasticity of Substitution" function in R: the micEconCES package. I N. Hashimzade, & M. A. Thornton (red.), Handbook of Research Methods and Applications in Empirical Microeconomics (s. 596–640). Edward Elgar Publishing. Handbooks of Research Methods and Applications https://www.elgaronline.com/view/edcoll/9781788976473/9781788976473.00030.xml

Vancouver

Henningsen A, Henningsen G, Literáti G. Econometric estimation of the "Constant Elasticity of Substitution" function in R: the micEconCES package. I Hashimzade N, Thornton MA, red., Handbook of Research Methods and Applications in Empirical Microeconomics. Edward Elgar Publishing. 2021. s. 596–640. (Handbooks of Research Methods and Applications).

Author

Henningsen, Arne ; Henningsen, Géraldine ; Literáti, Gergő . / Econometric estimation of the "Constant Elasticity of Substitution" function in R : the micEconCES package. Handbook of Research Methods and Applications in Empirical Microeconomics. red. / Nigar Hashimzade ; Michael A. Thornton. Edward Elgar Publishing, 2021. s. 596–640 (Handbooks of Research Methods and Applications).

Bibtex

@inbook{43665508867a4e3a84ace5111e44e7b3,
title = "Econometric estimation of the {"}Constant Elasticity of Substitution{"} function in R: the micEconCES package",
abstract = "The Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rather rarely used in econometric analysis because it cannot be estimated by standard linear regression techniques. This chapter starts with a discussion of several approaches for estimating the traditional CES function with two inputs as well as nested CES functions with three and four inputs. It proceeds with the demonstration of how these approaches can be applied in R using the add-on package micEconCES and describes how the various estimation approaches are implemented in the micEconCES package. The chapter concludes with an illustration of the usage of this package by replicating some estimations of CES functions that are reported in the literature.",
author = "Arne Henningsen and G{\'e}raldine Henningsen and Gerg{\H o} Liter{\'a}ti",
year = "2021",
language = "English",
isbn = "978 1 78897 647 3",
series = "Handbooks of Research Methods and Applications",
publisher = "Edward Elgar Publishing",
pages = "596–640",
editor = "Nigar Hashimzade and Thornton, {Michael A.}",
booktitle = "Handbook of Research Methods and Applications in Empirical Microeconomics",
address = "United Kingdom",

}

RIS

TY - CHAP

T1 - Econometric estimation of the "Constant Elasticity of Substitution" function in R

T2 - the micEconCES package

AU - Henningsen, Arne

AU - Henningsen, Géraldine

AU - Literáti, Gergő

PY - 2021

Y1 - 2021

N2 - The Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rather rarely used in econometric analysis because it cannot be estimated by standard linear regression techniques. This chapter starts with a discussion of several approaches for estimating the traditional CES function with two inputs as well as nested CES functions with three and four inputs. It proceeds with the demonstration of how these approaches can be applied in R using the add-on package micEconCES and describes how the various estimation approaches are implemented in the micEconCES package. The chapter concludes with an illustration of the usage of this package by replicating some estimations of CES functions that are reported in the literature.

AB - The Constant Elasticity of Substitution (CES) function is popular in several areas of economics, but it is rather rarely used in econometric analysis because it cannot be estimated by standard linear regression techniques. This chapter starts with a discussion of several approaches for estimating the traditional CES function with two inputs as well as nested CES functions with three and four inputs. It proceeds with the demonstration of how these approaches can be applied in R using the add-on package micEconCES and describes how the various estimation approaches are implemented in the micEconCES package. The chapter concludes with an illustration of the usage of this package by replicating some estimations of CES functions that are reported in the literature.

M3 - Book chapter

SN - 978 1 78897 647 3

T3 - Handbooks of Research Methods and Applications

SP - 596

EP - 640

BT - Handbook of Research Methods and Applications in Empirical Microeconomics

A2 - Hashimzade, Nigar

A2 - Thornton, Michael A.

PB - Edward Elgar Publishing

ER -

ID: 289233852