The Bias of Elasticity Estimtors in Linear Regression: Some Analytic Results
AbstractUsing small-disturbance expansions, we derive analytic expressions for the bias of the OLS estimator an elasticity in a linear model, both at an individual sample point and at the sample mean. The magnitudes of these biases are illustrated with Australian expenditure data.
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Bibliographic InfoPaper provided by Department of Economics, University of Victoria in its series Econometrics Working Papers with number 0517.
Length: 10 pages
Date of creation: 22 Dec 2005
Date of revision:
Note: ISSN 1485-6441
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Web page: http://web.uvic.ca/econ
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Elasticity; bias; small-distrurbance asymptotics;
Other versions of this item:
- Qian, Chen & Giles, David E., 2007. "The bias of elasticity estimators in linear regression: Some analytic results," Economics Letters, Elsevier, vol. 94(2), pages 185-191, February.
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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- Ullah, Aman, 2004. "Finite Sample Econometrics," OUP Catalogue, Oxford University Press, edition 1, number 9780198774488, September.
- Kenneth W. Clements & Xueyan Zhao, 2005. "Economic Aspects of Marijuana," Economics Discussion / Working Papers 05-28, The University of Western Australia, Department of Economics.
- Kadane, Joseph B, 1971. "Comparison of k-Class Estimators when the Disturbances are Small," Econometrica, Econometric Society, vol. 39(5), pages 723-37, September.
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