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 ΔY = log ΔE + a log ΔK + b log ΔL + c log ΔD
Thanks
First Differences
Moderators: EViews Gareth, EViews Moderator
Re: First Differences
Sorry, should say does the model simply become:
dlogY= dlogE + a dlogK + b dlogL + c dlogD
?
dlogY= dlogE + a dlogK + b dlogL + c dlogD
?
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