Non-Parametric Estimation of Technical Progress

被引:0
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作者
Kevin J. Fox
机构
[1] The University of New South Wales,School of Economics
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关键词
Technical progress; Non-parametric estimation; Model selection criteria;
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摘要
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.
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页码:235 / 250
页数:15
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