MishraCES: Mishra's (2006) CES data

In micEconCES: Analysis with the Constant Elasticity of Substitution (CES) Function

Description

The MishraCES data set contains artificial production data. It has 50 observations (e.g. firms, sectors, or countries).

Usage

data(MishraCES)

Format

This data frame contains the following columns:

No

Firm number.

Y

Output quantity.

X1

Quantity of first input.

X2

Quantity of second input.

X3

Quantity of third input.

X4

Quantity of fouth input.

Source

Mishra, SK (2006): A Note on Numerical Estimation of Sato's Two-Level CES Production Function MPRA Working Paper No. 1019, https://mpra.ub.uni-muenchen.de/1019/.

Examples

   # load the data set
   data( "MishraCES" )
   
   # show mean values of all variables
   colMeans( MishraCES )

   # re-calculate the endogenous variable (see Mishra 2006)
   # coefficients of the nested CES function with 4 inputs
   b <- c( "gamma" = 200 * 0.5^(1/0.6), "delta_1" = 0.6, "delta_2" = 0.3, 
      "delta" = 0.5, "rho_1" = 0.5, "rho_2" = -0.17, "rho" = 0.6 )
   MishraCES$Y2 <- cesCalc( xNames = c( "X1", "X2", "X3", "X4" ), 
      data = MishraCES, coef = b, nested = TRUE )
   all.equal( MishraCES$Y, MishraCES$Y2 )

micEconCES documentation built on Jan. 7, 2021, 3:01 p.m.