1쪽
EXTENDED FORMS OF REGRESSION MODELS Dr.TU Thuy Anh Faculty of International Economics ThiNganHang.com ThiNganHang.com 1
미리보기 생성 중...
EXTENDED FORMS OF REGRESSION MODELS Dr.TU Thuy Anh Faculty of International Economics ThiNganHang.com ThiNganHang.com 1
COBB-DOUGLAS FUNCTIONS • Production function:Y = aKαLβ => lnY = a1+αln(K)+ βln(L) => lnY = a1+αln(K)+ βln(L) + u • Example: • Interpretation: – α: when K increases by 1%, L unchanged thenY increases by α%;the elasticity – β: when L increases by 1%, K unchanged thenY increases by α% – a1: when K=L =1=>ThiNganHang.comY=exp(a1) ThiNganHang.com 2
POLINOMIAL FUNCTION Cost function: TC = a1+a2Q? TC = a1+a2Q+a3 Q2? TC = a1+a2Q+a3 Q2 +a4Q3? TC = a1+a2Q+a3 Q2 +a4Q3+u ThiNganHang.com ThiNganHang.com 3
앞 3페이지만 표시됩니다. 전체를 보려면 자료를 다운로드하세요.
댓글이 없습니다. 첫 댓글을 남겨보세요!
댓글 (0)
댓글이 없습니다. 첫 댓글을 남겨보세요!