The Bias of Elasticity Estimtors in Linear Regression: Some Analytic Results
Using 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.
|Date of creation:||22 Dec 2005|
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- Ullah, Aman, 2004. "Finite Sample Econometrics," OUP Catalogue, Oxford University Press, edition 1, number 9780198774488, December.
- 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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