The Bias of Elasticity Estimtors in Linear Regression: Some Analytic Results
Qian Chen and
David Giles ()
No 517, Econometrics Working Papers from Department of Economics, University of Victoria
Using small-disturbance expansions, we derive analytic expressions for the bias of the OLS estimator an elasticity in a linear model, both at an individual sample point and at the sample mean. The magnitudes of these biases are illustrated with Australian expenditure data.
Keywords: Elasticity; bias; small-distrurbance asymptotics (search for similar items in EconPapers)
JEL-codes: C14 C20 D12 (search for similar items in EconPapers)
Pages: 10 pages
New Economics Papers: this item is included in nep-ecm
Note: ISSN 1485-6441
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Journal Article: The bias of elasticity estimators in linear regression: Some analytic results (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:vic:vicewp:0517
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