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Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
Edition 5ISBN: 978-0073375779Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
Edition 5ISBN: 978-0073375779 Exercise 5
Comiderthe follo•Ning •true (Cobb-Douglas) oroduction function:
In Yr -= cO -cl In £.:;-o2 In !.2i- o3tn x; -ui
where Y -=outout
L:-= production labor
l2 -= nor¥Jrodudion labor
K -= capital
Sut suppose the regression a::tuatty L5ed in emoirical investigation i$ tn Yiln Yi=(30 •(3!.In t.:;- 21n Ki - ui
On the assumption that you havecross-s.ectional data on the relevant variables,
a.\\lift El ) -= claiid S,fi2) -= c3
b.\\Iii the ans•N.er in (d) hok! if it is kna.vn th.a; 2 isan irr vantinwt in the oroduction function Show the necessary d' rivations.
In Yr -= cO -cl In £.:;-o2 In !.2i- o3tn x; -ui
where Y -=outout
L:-= production labor
l2 -= nor¥Jrodudion labor
K -= capital
Sut suppose the regression a::tuatty L5ed in emoirical investigation i$ tn Yiln Yi=(30 •(3!.In t.:;- 21n Ki - ui
On the assumption that you havecross-s.ectional data on the relevant variables,
a.\\lift El ) -= claiid S,fi2) -= c3
b.\\Iii the ans•N.er in (d) hok! if it is kna.vn th.a; 2 isan irr vantinwt in the oroduction function Show the necessary d' rivations.
Explanation
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Basic Econometrics 5th Edition by Damodar Gujarati,Dawn Porter
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