| Автор | Berndt , Ernst R. |
| Автор | Showalter, Mark H. |
| Автор | Wooldridge, Jeffrey M. |
| Дата выпуска | 1993 |
| dc.description | In this paper we present a generalized functional form estimator, recently developed by jeffrey Wooldridge; and then we compare it empirically to the popular Box-Cox (BC) estimator using three data sets. We begin by briefly reviewing the drawbacks of the BC estimator. We Then introduce the nonlinear lest squares (NLS) alternative of Wooldridge which retains the desirable qualities of the BC estimator without the associated theoretical problems. We continue by applying both the BC and the NLS models to data from three classic hedonic regression studies and then compare the estimation resuts-point estimates, inferences and fitted values. The estimations include a wage rate equation, and two computer hedonic regression equations, one using data from a classic study by Gregory Chow and the other using an IBM data set that formed the basis of the new official BLS computer price index. |
| Формат | application.pdf |
| Издатель | Marcel Dekker, Inc. |
| Копирайт | Copyright Taylor and Francis Group, LLC |
| Тема | Functional form estimation |
| Тема | Box-Cox |
| Тема | Nonlinear least squares |
| Тема | hedonic estimation |
| Название | An empirical investigation of the box-cox model and a nonlinear least squares alternative |
| Тип | research-article |
| DOI | 10.1080/07474939308800254 |
| Electronic ISSN | 1532-4168 |
| Print ISSN | 0747-4938 |
| Журнал | Econometric Reviews |
| Том | 12 |
| Первая страница | 65 |
| Последняя страница | 102 |
| Аффилиация | Berndt , Ernst R.; Sloan School of Management , MIT |
| Аффилиация | Showalter, Mark H.; Department of Economics, Brigham Young University |
| Аффилиация | Wooldridge, Jeffrey M.; Department of Economics, Michigan State University |
| Выпуск | 1 |
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