MishraCES function

Mishra's (2006) CES data

Mishra's (2006) CES data

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 )
  • Maintainer: Arne Henningsen
  • License: GPL (>= 2)
  • Last published: 2023-01-06