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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...
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This brief is based on analysis of the 2011-12 household budget survey (HBS) implemented by Central Administration for …
Persistent link: https://www.econbiz.de/10012644428
Persistent link: https://www.econbiz.de/10012445383
On 22 March 2000 the CCP held a half-day Forum Session intended to explore the challenges and possibilities associated with international co-operation. Using the experience of the United States and Canada as a practical example, the session provided an overview of ongoing efforts to combat the...
Persistent link: https://www.econbiz.de/10012445470