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Econometric Estimation and Results

Julian Alston, Jennifer S. James (), Matthew A. Andersen () and Philip Pardey
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Jennifer S. James: California Polytechnic State University
Matthew A. Andersen: University of Wyoming

Chapter Chapter 10 in Persistence Pays, 2010, pp 313-351 from Springer

Abstract: Abstract The implementation of the general model developed in Chapter 9 requires some specific choices about the detail of the model, beginning with the functional form. In the present chapter we discuss those choices, and present and interpret the resulting econometric estimates, along with the results of some analysis of the sensitivity of the estimates to model specification choices. In Chapter 11 we report the results from using the econometric estimates to compute a range of benefit-cost ratios for alternative types of research spending, and in Chapter 12 we interpret and assess the results from both the econometric estimation and the benefit-cost analysis.

Keywords: Root Mean Square Error; Knowledge Stock; Econometric Estimation; Random Effect; Logarithmic Model (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:spr:nrmchp:978-1-4419-0658-8_10

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DOI: 10.1007/978-1-4419-0658-8_10

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