Abstract
AbstractThe assumptions of the economic model underlying the traditional Cobb‐Douglas production function analysis imply that exact multicollinearity should exist among the inputs. Restricted estimation procedures may lead to parameter estimates with additional economic content. Conventional methods of input aggregation and model specification may result in biased or misinterpreted estimates.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
