Measurement Unit Invariant Coefficients in Multiplicative-Logarithmic Functions

David I. Stern

No 263917, University of York Archive from University of York

Abstract: Hunt and Lynk (1993) demonstrate that the coefficients of the non-multiplicative terms of a multiplicative logarithmic function are dependent on the units used. I demonstrate that a unique very simple transformation circumvents this problem.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Pages: 11
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uyoarc:263917

DOI: 10.22004/ag.econ.263917

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