The Treatment of Non-Essential Inputs in a Cobb-Douglas Technology : An Application to Mexican Rural Household-Level Data

The Treatment of Non-Essential Inputs in a Cobb-Douglas Technology : An Application to Mexican Rural Household-Level Data

The standard approach for fitting a Cobb-Douglas production function to micro data with zero values is to replace those values with "sufficiently small" numbers to facilitate the logarithmic transformation. In general, the estimates obtai...

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Bibliographic Details
Main Author: Soloaga, Isidro
Format: Policy Research Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2014
Subjects:
AGRICULTURAL PRODUCTION
AGRICULTURE
ASSETS
AUTONOMY
BANKING CRISES
CONSUMERS
DEMOGRAPHICS
DEVELOPMENT ECONOMICS
DIVISION OF LABOR
ECONOMETRICS
ECONOMIC THEORY
ECONOMIC WELFARE
EMPIRICAL EVIDENCE
EMPLOYMENT
EXCHANGE RATE
EXPENDITURES
FARMERS
FERTILIZERS
FUNCTIONAL FORMS
HEALTH INSURANCE
INSURANCE
INTERNATIONAL TRADE
LABOR FORCE
LABOR SUPPLY
LAND LOCATION
MARGINAL PRODUCTIVITY
MAXIMUM LIKELIHOOD ESTIMATION
MAXIMUM LIKELIHOOD METHOD
MICROECONOMIC ANALYSIS
POLICY RESEARCH
POLITICAL ECONOMY
PRODUCERS
PRODUCTION FUNCTION
PRODUCTION FUNCTIONS
PRODUCTION INPUTS
PRODUCTIVE ASSETS
PRODUCTIVITY GROWTH
RETURNS TO SCALE
SAVINGS
TAXATION
VALUE OF OUTPUT
Online Access:http://documents.worldbank.org/curated/en/2000/12/748706/treatment-non-essential-inputs-cobb-douglas-technology-application-mexican-rural-household-level-data
http://hdl.handle.net/10986/19733

Internet

http://documents.worldbank.org/curated/en/2000/12/748706/treatment-non-essential-inputs-cobb-douglas-technology-application-mexican-rural-household-level-data
http://hdl.handle.net/10986/19733

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