The treatment of non-essential inputs in a Cobb-Douglas technology
Subtitle: an application to Mexican rural household level data
By: Isidro Soloaga.
Contributors: World Bank. Development Research Group. Trade.
Series: Policy research working paper ;; 2499; Policy research working papers (Online) ;; 2499.
Publisher: World Bank, Development Research Group, Trade
Published: 2000
Place of publication: Washington, DC
Language: eng
Format: Electronic resource
Subjects: Production functions (Economic theory); Input-output analysis.; Estimation theory.; Agricultural productivity -- Mexico -- Econometric models.
Genres: Econometric models.
Description: One problem when estimating a Cobb-Douglas production function with micro data is how to deal with the observations that show positive output but do not use some of the inputs. As the log of zero is not defined one standard procedure is to arbitrarily replace those zero values with "sufficinetly small" numbers. But can we do better than that? An alternative approach is presented and applied to Mexican farm-level data.
Notes: Includes bibliographical references (p. 18).
Title from title screen as viewed on Oct. 01, 2002.
"December 2000"--Cover.
Also available in print.
Mode of access: World Wide Web.