I am trying to estimate the a set of two parameters of a CES function:
Code: Select all
Y = (((AL*L)^C(1)+(AK*K)^C(1))^(C(2)/C(1))+(AE*E)^C(2))^(1/C(2))
The iteration stops abruptly due to division by 0. Can I limit the range of parameters to non-zero values?
I used the
Code: Select all
param
thank you.