Suppose in the regression ln (Y i /X 2i ) = 1 + 2 ln

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Suppose in the regression

ln (Y_i/X_2i ) = α₁ + α₂ ln X_2i + α₃ ln X_3i + u_i

the values of the regression coefficients and their standard errors are known. From this knowledge, how would you estimate the parameters and standard errors of the following regression model?

ln Y_i = β₁ + β₂ ln X_2i + β₃ ln X_3i + u_i

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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 03:50 AM

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Suppose in the regression ln (Y i /X 2i ) = 1 + 2 ln

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The first model can alternatively be written as ln Y i ...View the full answer

Basic Econometrics

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