SOME ISSUES OF ECONOMETRIC ASSESSMENT OF CES FUNCTIONS AND THEIR PRACTICAL APPLICATION IN ECONOMIC PROBLEMS
Journal Title: International scientific journal Science and Innovation - Year 2023, Vol 2, Issue 11
Abstract
This article is devoted to some issues of approximate estimation of functions with constant elasticity of substitution. The constant elasticity of substitution (CES) function is becoming popular in many areas of economics, but it is rarely used in econometric analysis because it cannot be estimated by standard linear regression methods. In this article, the author will reveal existing approaches to econometric assessment of this function and consider several examples of empirical assessment of the function using R software (micEconCES package).
Authors and Affiliations
Usmanova Dilfuza Ilhomovna, Usmanov Farzod Shokhrukhovich
Keywords
Related Articles
- EP ID EP725056
- DOI 10.5281/zenodo.10156932
- Views 51
- Downloads 0
ANALYSIS OF WATER-SOLUBLE VITAMINS IN LACTIC ACID BACTERIA
Lactic acid bacteria (LAB) have the ability to synthesize water-soluble vitamins, including B vitamins such as folate, riboflavin, and vitamin B12. The characteristic of effective synthesis of vitamin B9 from SKB used in...
MODERN UNDERSTANDINGS OF THE ORIGINS AND MANAGEMENT OF ONGOING PURULENT EAR INFECTIONS (CHRONIC SUPPURATIVE OTITIS MEDIA)
Otitis media (OM) is basically a kind of swelling in the middle ear that is usually linked to an infection. Even with proper treatment, acute OM (AOM) might, unfortunately, turn into chronic suppurative OM (CSOM), which...
METHODS OF TEACHING ENGLISH AND OTHER FOREIGN LANGUAGES
This article discusses methods of teaching English and other foreign languages, modern technologies used in teaching English, and popularization of English among young people.
BIOCHEMISTRY. FUNCTIONS OF BIOCHEMISTRY. METABOLISM IN THE LIVER
Biochemistry is a science that studies the chemical composition of substances, the structure and ways of transformation of natural compounds in cells, organs, tissues and whole organisms, as well as the physiological rol...
CHEMICAL COMPOSITION OF BROCCOLI AND ITS USE IN MEDICINE
This article presents information on the composition of the blueberry (Scutullaria comsa) plant, which grows in the Fergana Valley, and its properties, as well as some synthetic drugs used to lower blood pressure