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Functions

In: An Introduction to R for Quantitative Economics

Author

Listed:
  • Vikram Dayal

    (Institute of Economic Growth (IEG))

Abstract

We briefly look at change, derivative and elasticity formulae. We then graph and compute functions (linear and log-log) using the mosaic package. We gain the ability to derive one mathematical function, often non-linear, from another. We are able to understand such non-linear functions better when we graph them. We see how we can use different functional forms while studying how the average level of carbon dioxide emissions per capita varies with gross national income per capita for different countries.

Suggested Citation

  • Vikram Dayal, 2015. "Functions," SpringerBriefs in Economics, in: An Introduction to R for Quantitative Economics, edition 127, chapter 0, pages 27-38, Springer.
    • Handle: RePEc:spr:spbchp:978-81-322-2340-5_5
    DOI: 10.1007/978-81-322-2340-5_5
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