cobb douglas
Posted: Tue Oct 09, 2012 9:30 pm
Hi,
I have a data file containing observations on output, capital labor and technology for countries and I am having trouble estimating the cobb-douglas model.
Cobb-Douglas equation is Y = K^α L^β T^y
I used logs to get
log(Y)=αlog(K)+βlog(L)+ylog(T)
But how do i estimate it in eviews to get values for alpha, beta and y?
Appreciate all the help
I have a data file containing observations on output, capital labor and technology for countries and I am having trouble estimating the cobb-douglas model.
Cobb-Douglas equation is Y = K^α L^β T^y
I used logs to get
log(Y)=αlog(K)+βlog(L)+ylog(T)
But how do i estimate it in eviews to get values for alpha, beta and y?
Appreciate all the help