Sorry, should say does the model simply become:
dlogY= dlogE + a dlogK + b dlogL + c dlogD
?
Search found 2 matches
- Thu Mar 07, 2013 2:19 pm
- Forum: Econometric Discussions
- Topic: First Differences
- Replies: 1
- Views: 1879
- Thu Mar 07, 2013 2:13 pm
- Forum: Econometric Discussions
- Topic: First Differences
- Replies: 1
- Views: 1879
First Differences
i'm new to eviews and econometrics and i'd really appreciate some guidance. i'm trying to test a cobb-douglas model of the form Y=E∙K^a∙L^b∙D^c , ADF and PP unit root tests show all time series to be stationary in first differences of logarithms. does the model in logs therefore simply become: Log Δ...