micEconCES - Analysis with the Constant Elasticity of Substitution (CES)
Function
Tools for econometric analysis and economic modelling with
the traditional two-input Constant Elasticity of Substitution
(CES) function and with nested CES functions with three and
four inputs. The econometric estimation can be done by the
Kmenta approximation, or non-linear least-squares using various
gradient-based or global optimisation algorithms. Some of these
algorithms can constrain the parameters to certain ranges, e.g.
economically meaningful values. Furthermore, the non-linear
least-squares estimation can be combined with a grid-search for
the rho-parameter(s). The estimation methods are described in
Henningsen et al. (2021) <doi:10.4337/9781788976480.00030>.
