Consider the loglinear model: ln Y i = 1 + 2 ln X i +

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Consider the log–linear model:

ln Y_i = β₁ + β₂ ln X_i + u_i

Plot Y on the vertical axis and X on the horizontal axis. Draw the curves showing the relationship between Y and X when β₂ = 1, and when β₂ > 1, and when β₂ < 1.

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Question Posted: Apr 30, 2018 03:40 AM

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Consider the loglinear model: ln Y i = 1 + 2 ln X i +

Question:

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Basic Econometrics

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