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