Non-Parametric Estimation of Technical Progress

The modelling of technical progress in a production economy is a problem of great interest. Non-parametric approximation of technical progress through the use of an adaptively fitted spline function is presented as an attractive solution. An application demonstrates the sensitivity of estimates of technical progress and price elasticities to the specification of the time trend. Copyright Kluwer Academic Publishers 1998

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Year of publication:	1998
Authors:	Fox, Kevin
Published in:	Journal of Productivity Analysis. - Springer. - Vol. 10.1998, 3, p. 235-250
Publisher:	Springer
Subject:	Technical progress \| Non-parametric estimation \| Model selection criteria

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011154942