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