On the Choice of Functional Forms: Summary of a Monte Carlo Experiment
AbstractThe use of flexible functional forms is a standard practice in applied econometrics. Many flexible forms have been proposed. In this study, the authors investigate the behavior of three of them--the translog, the symmetric McFadden, and the symmetric generalized Barnett. Based on Monte Carlo experiments, they assess the ability of these forms to test theoretical properties and to measure technological characteristics.
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Bibliographic InfoArticle provided by American Statistical Association in its journal Journal of Business and Economic Statistics.
Volume (Year): 16 (1998)
Issue (Month): 1 (January)
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