Biases in approximating log production
(2011)
Journal Article
Sun, K., Henderson, D., & Kumbhakar, S. (2011). Biases in approximating log production. Journal of Applied Econometrics, 26(4), 708-714. https://doi.org/10.1002/jae.1229
Most empirical work in economic growth assumes either a Cobb–Douglas production function expressed in logs or a log-approximated constant elasticity of substitution specification. Estimates from each are likely biased due to logging the model and the... Read More about Biases in approximating log production.