The treatment of non-essential inputs in a Cobb-Douglas technology: an application to Mexican rural household level data

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 "sufficinetl...

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1. Verfasser: Soloaga, Isidro (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: Washington, DC World Bank, Development Research Group, Trade 2000
Schriftenreihe:Policy research working paper 2499
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Zusammenfassung: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
Beschreibung:"December 2000"--Cover. - Includes bibliographical references (p. 18). - Title from title screen as viewed on Oct. 01, 2002
Erscheinungsjahr in Vorlageform:[2000]
Weitere Ausgabe: Soloaga, Isidro : The treatment of non-essential inputs in a Cobb-Douglas technology
Beschreibung:1 Online-Ressource