Description Usage Arguments Details Value Author(s) See Also Examples
Calculate the elasticities of a translog function.
1 2 3 4 5 6 |
xNames |
a vector of strings containing the names of the independent variables. |
data |
dataframe containing the data;
if argument |
coef |
vector containing all coefficients:
if there are |
coefCov |
optional covariance matrix of the coefficients:
the row names and column names must be the same as the names
of |
dataLogged |
logical. Are the values in |
object |
object of class |
... |
currently ignored. |
Shifter variables do not need to be specified, because they have no effect on the elasticities. Hence, you can use this function to calculate elasticities even for translog functions that have been estimated with shifter variables.
A data frame containing the elasticities,
where each column corresponds to one of the independent variables.
If argument coefCov
is provided, it has the attributes
variance
and stdDev
,
which are two data frames containing the variances
and the standard deviations, respectively, of the elasticities.
Arne Henningsen
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 | data( germanFarms )
# output quantity:
germanFarms$qOutput <- germanFarms$vOutput / germanFarms$pOutput
# quantity of variable inputs
germanFarms$qVarInput <- germanFarms$vVarInput / germanFarms$pVarInput
# a time trend to account for technical progress:
germanFarms$time <- c(1:20)
# estimate a quadratic production function
estResult <- translogEst( "qOutput", c( "qLabor", "land", "qVarInput", "time" ),
germanFarms )
# calculate production elasticities of all inputs
estEla <- translogEla( c( "qLabor", "land", "qVarInput", "time" ),
data = germanFarms, coef = coef( estResult ),
coefCov = vcov( estResult ) )
# all elasticities
estEla
# t-values of all elasticities
estEla / attributes( estEla )$stdDev
|
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qLabor land qVarInput time
1 9.36187138 4.061537 -4.1528584 0.2206473
2 6.51016645 3.064446 -2.7296682 0.2272734
3 5.44753531 2.491485 -1.6153611 0.1349494
4 3.45748658 2.299032 -1.3633733 0.1599944
5 2.74371394 2.073200 -0.7020118 0.0779936
6 2.26636928 1.717426 -0.2348715 0.0826759
7 2.11540980 1.262714 0.1243636 0.1319830
8 1.54485031 1.632592 0.4067962 -0.1088120
9 0.90006667 1.433482 0.9489289 -0.1121293
10 0.34822347 1.751032 0.7857228 -0.2602896
11 -0.04997076 1.470426 0.7608337 -0.1721908
12 -1.40266304 2.447104 -0.6568077 -0.3719662
13 -1.64792944 2.270413 -0.8267302 -0.3158886
14 -1.08571410 1.952775 -0.5682264 -0.3222459
15 -0.74955311 1.969143 0.1109939 -0.4931850
16 -0.18842508 1.631745 0.5605288 -0.5044392
17 0.43760902 1.751831 0.6002023 -0.6716586
18 0.85583669 1.691641 0.6000249 -0.7328956
19 1.20172396 1.502551 0.3745241 -0.7036584
20 1.35131846 1.277384 0.1269154 -0.6345313
qLabor land qVarInput time
1 0.1406956129 0.23616992 -0.075369419 0.04164229
2 0.0976864969 0.18051877 -0.049337105 0.04303581
3 0.0818684532 0.14838795 -0.029219820 0.02564460
4 0.0518927402 0.13670694 -0.024584726 0.03042533
5 0.0412684524 0.12399420 -0.012678976 0.01488195
6 0.0340621232 0.10305546 -0.004237629 0.01578577
7 0.0317087851 0.07594272 0.002238248 0.02516315
8 0.0232973112 0.09853102 0.007362565 -0.02081924
9 0.0135955941 0.08681402 0.017190104 -0.02155260
10 0.0052699448 0.10587411 0.014256905 -0.04994963
11 -0.0007534518 0.08870297 0.013752079 -0.03294497
12 -0.0211265593 0.14524569 -0.011851762 -0.07031732
13 -0.0247308713 0.13434649 -0.014864736 -0.05944508
14 -0.0162700912 0.11600503 -0.010210870 -0.06051480
15 -0.0112962771 0.11804312 0.002006515 -0.09314983
16 -0.0028392034 0.09837805 0.010139116 -0.09532528
17 0.0066049692 0.10590658 0.010887053 -0.12651216
18 0.0129076089 0.10236701 0.010884911 -0.13752803
19 0.0180503369 0.09071677 0.006772667 -0.13111370
20 0.0202010867 0.07687673 0.002285675 -0.11744323
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