On the Choice of Functional Forms: Summary of a Monte Carlo Experiment.

The use of flexible functional forms is a standard practice in applied econometrics. Many flexible forms have been proposed. In this study, the authors investigate the behavior of three of them--the translog, the symmetric McFadden, and the symmetric generalized Barnett. Based on Monte Carlo experiments, they assess the ability of these forms to test theoretical properties and to measure technological characteristics.

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Year of publication:	1998
Authors:	Gagne, Robert ; Ouellette, Pierre
Published in:	Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 16.1998, 1, p. 118-24
Publisher:	American Statistical Association

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005238373