micEconCES (version 1.0-2)

Analysis with the Constant Elasticity of Substitution (CES) Function

Description

Tools for econometric analysis and economic modelling with the traditional two-input Constant Elasticity of Substitution (CES) function and with nested CES functions with three and four inputs. The econometric estimation can be done by the Kmenta approximation, or non-linear least-squares using various gradient-based or global optimisation algorithms. Some of these algorithms can constrain the parameters to certain ranges, e.g. economically meaningful values. Furthermore, the non-linear least-squares estimation can be combined with a grid-search for the rho-parameter(s). The estimation methods are described in Henningsen et al. (2021) .

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Install

install.packages('micEconCES')

Monthly Downloads

486

Version

1.0-2

License

GPL (>= 2)

Maintainer

Last Published

January 6th, 2023

Functions in micEconCES (1.0-2)