On the random disturbance term and parameter estimation of C-D production function

摘要：

Cobb-Douglas production function occupies an important position in econometrics and has a wide range of applications, but the representation of its random disturbance term and the method used for its parameter estimation are open to question. Using mathematical and statistical analysis method, this paper discusses the random disturbance term of C-D production function and data processing methods. Also, a practical example for testing is showed. As a result, we get a new approach for parameter estimation, which are more reasonable and more accurate.

关键词： Cobb-Douglas production function Random disturbance term Gauss-Markov assumption Heteroscedasticity

作者: Wang Qi Su Yingsheng Ji Pengfei

作者单位: School of Statistics Southwestern University of Finance and Economics Chengdu, China Statistics School Southwestern University of Finance and Economics Chengdu, China

会议类型: 国际会议

会议名称: Third International Symposium on Information Science and Engineering(第三届信息科学与工程国际会议 ISISE 2010)

会议地点: 上海

会议语种:英文

页码: 51-53

在线出版日期: 2010-12-24（万方平台首次上网日期，不代表论文的发表时间）