The treatment of non-essential inputs in a Cobb-Douglas technology an application to Mexican rural household level data

One problem when estimating a Cobb-Douglas production function with micro data is how to deal with the observations that show positive output but do not use some of the inputs. As the log of zero is not defined one standard procedure is to arbitrarily replace those zero values with "sufficinetl...

Full description

Bibliographic Details
Main Author: Soloaga, Isidro
Corporate Author: World Bank Development Research Group
Format: eBook
Language:English
Published: Washington, DC World Bank, Development Research Group, Trade 2000
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 01588nmm a2200265 u 4500
001 EB002096133
003 EBX01000000000000001236223
005 00000000000000.0
007 cr|||||||||||||||||||||
008 221013 ||| eng
100 1 |a Soloaga, Isidro 
245 0 0 |a The treatment of non-essential inputs in a Cobb-Douglas technology  |h Elektronische Ressource  |b an application to Mexican rural household level data  |c Isidro Soloaga 
260 |a Washington, DC  |b World Bank, Development Research Group, Trade  |c 2000 
653 |a Estimation theory 
653 |a Agricultural productivity / Mexico / Econometric models 
653 |a Production functions (Economic theory) 
653 |a Input-output analysis 
710 2 |a World Bank  |b Development Research Group 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Policy research working paper 
500 |a "December 2000"--Cover. - Includes bibliographical references (p. 18). - Title from title screen as viewed on Oct. 01, 2002 
856 4 0 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-2499  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a One problem when estimating a Cobb-Douglas production function with micro data is how to deal with the observations that show positive output but do not use some of the inputs. As the log of zero is not defined one standard procedure is to arbitrarily replace those zero values with "sufficinetly small" numbers. But can we do better than that? An alternative approach is presented and applied to Mexican farm-level data