Show simple item record

Estimation of technical change and price elasticities: a categorical time–varying coefficient approach

dc.contributor.authorFeng, G
dc.contributor.authorGao, J
dc.contributor.authorZhang, X
dc.date.accessioned2019-02-28T14:55:19Z
dc.date.issued2018-10-24
dc.description.abstractWe propose a categorical time-varying coefficient translog cost function, where each coefficient is expressed as a nonparametric function of a categorical time variable, thereby allowing each time period to have its own set of coefficients. Our application to U.S. electricity firms reveals that this model offers two major advantages over the traditional time trend representation of technical change: (1) it is capable of producing estimates of productivity growth that closely track those obtained using the Törnqvist approximation to the Divisia index; and (2) it can solve a well-known problem commonly referred to as “the problem of trending elasticities”.en_GB
dc.description.sponsorshipAustralian Research Councilen_GB
dc.identifier.citationVol. 50 (3), pp. 117 - 138en_GB
dc.identifier.doi10.1007/s11123-018-0538-6
dc.identifier.grantnumberDP130104229en_GB
dc.identifier.grantnumberDP150101012en_GB
dc.identifier.urihttp://hdl.handle.net/10871/36134
dc.language.isoenen_GB
dc.publisherSpringer Verlagen_GB
dc.rights© The Author(s) 2018. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, duplication, adaptation, distribution, and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.en_GB
dc.subjectTechnical Change and Productivityen_GB
dc.subjectSemiparametric Methoden_GB
dc.subjectCategorical Time-varying Coefficient Modelen_GB
dc.titleEstimation of technical change and price elasticities: a categorical time–varying coefficient approachen_GB
dc.typeArticleen_GB
dc.date.available2019-02-28T14:55:19Z
dc.identifier.issn0895-562X
dc.descriptionThis is the final version. Available from Springer Verlag via the DOI in this record.en_GB
dc.identifier.journalJournal of Productivity Analysisen_GB
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_GB
dcterms.dateAccepted2018-10-24
rioxxterms.versionVoRen_GB
rioxxterms.licenseref.startdate2018-10-24
rioxxterms.typeJournal Article/Reviewen_GB
refterms.dateFCD2019-02-28T14:50:09Z
refterms.versionFCDVoR
refterms.dateFOA2019-02-28T14:55:21Z
refterms.panelCen_GB


Files in this item

Name:
JPA2018.pdf
Size:
1.879Mb
Format:
PDF
View/Open

This item appears in the following Collection(s)

Show simple item record

© The Author(s) 2018. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, duplication, adaptation, distribution, and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Except where otherwise noted, this item's licence is described as © The Author(s) 2018. This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits use, duplication, adaptation, distribution, and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.