Info

(Continued)

8John Neter, Michael H. Kutner, Christopher J. Nachtsheim, and William Wasserman, Applied Regression Analysis, 3d ed., Irwin, 1996, pp. 548-549.

572 PART THREE: TOPICS IN ECONOMETRICS

EXAMPLE 14.2 (Continued)

Therefore, the estimated Cobb-Douglas function is:

GDPt = 0.5292Labor'

Interpreted asymptotically, the equation shows that only the coefficient of the capital input is significant in this model. In exercise 14.9 you are asked to compare these results with those obtained from the multiplicative Cobb-Douglas production function as given in (14.1.2).

Was this article helpful?

0 0
Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

Get My Free Ebook


Post a comment