On estimation of the CES production function - revisited

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On estimation of the CES production function - revisited. / Henningsen, Arne; Henningsen, Geraldine.

I: Economics Letters, Bind 115, Nr. 1, 2012, s. 67–69.

Publikation: Bidrag til tidsskrift › Tidsskriftartikel › Forskning › fagfællebedømt

Harvard

Henningsen, A & Henningsen, G 2012, 'On estimation of the CES production function - revisited', Economics Letters, bind 115, nr. 1, s. 67–69. https://doi.org/10.1016/j.econlet.2011.12.007

APA

Henningsen, A., & Henningsen, G. (2012). On estimation of the CES production function - revisited. Economics Letters, 115(1), 67–69. https://doi.org/10.1016/j.econlet.2011.12.007

Vancouver

Henningsen A, Henningsen G. On estimation of the CES production function - revisited. Economics Letters. 2012;115(1):67–69. https://doi.org/10.1016/j.econlet.2011.12.007

Author

Henningsen, Arne ; Henningsen, Geraldine. / On estimation of the CES production function - revisited. I: Economics Letters. 2012 ; Bind 115, Nr. 1. s. 67–69.

Bibtex

@article{76c5d07e61284b9cbd74772d7d7b650c,
title = "On estimation of the CES production function - revisited",
abstract = "Estimation of the non-linear Constant Elasticity of Scale (CES) function is generally considered problematic due to convergence problems and unstable and/or meaningless results. These problems often arise from a non-smooth objective function with large flat areas, the discontinuity of the CES function where the elasticity of substitution is one, and possibly significant rounding errors where the elasticity of substitution is close to one. We suggest three (combinable) solutions that alleviate these problems and improve the reliability and stability of the results.",
author = "Arne Henningsen and Geraldine Henningsen",
year = "2012",
doi = "10.1016/j.econlet.2011.12.007",
language = "English",
volume = "115",
pages = "67–69",
journal = "Economics Letters",
issn = "0165-1765",
publisher = "Elsevier",
number = "1",

}

RIS

TY - JOUR

T1 - On estimation of the CES production function - revisited

AU - Henningsen, Arne

AU - Henningsen, Geraldine

PY - 2012

Y1 - 2012

N2 - Estimation of the non-linear Constant Elasticity of Scale (CES) function is generally considered problematic due to convergence problems and unstable and/or meaningless results. These problems often arise from a non-smooth objective function with large flat areas, the discontinuity of the CES function where the elasticity of substitution is one, and possibly significant rounding errors where the elasticity of substitution is close to one. We suggest three (combinable) solutions that alleviate these problems and improve the reliability and stability of the results.

AB - Estimation of the non-linear Constant Elasticity of Scale (CES) function is generally considered problematic due to convergence problems and unstable and/or meaningless results. These problems often arise from a non-smooth objective function with large flat areas, the discontinuity of the CES function where the elasticity of substitution is one, and possibly significant rounding errors where the elasticity of substitution is close to one. We suggest three (combinable) solutions that alleviate these problems and improve the reliability and stability of the results.

U2 - 10.1016/j.econlet.2011.12.007

DO - 10.1016/j.econlet.2011.12.007

M3 - Journal article

VL - 115

SP - 67

EP - 69

JO - Economics Letters

JF - Economics Letters

SN - 0165-1765

IS - 1

ER -

ID: 37390744