R-universe - micecon (micEcon)

micEconDistRay - Econometric Production Analysis with Ray-Based Distance Functions

Econometric analysis of multiple-input-multiple-output production technologies with ray-based input distance functions as suggested by Price and Henningsen (2023): "A Ray-Based Input Distance Function to Model Zero-Valued Output Quantities: Derivation and an Empirical Application", Journal of Productivity Analysis 60, p. 179-188, <doi:10.1007/s11123-023-00684-1>.

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2.00 score 189 downloads

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>.

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2.00 score 1 stars 590 downloads