The interpretation of coefficients in multiplicative-logarithmic functions

Lester C. Hunt, Edward L. Lynk

    Research output: Contribution to journalArticlepeer-review

    Abstract

    This paper shows that the size, sign and significance of the estimated coefficients in multiplicative-logarithmic functions are not invariant to the units of measurement utilized. The derived elasticities, however, are invariant to the units of measurement and are, thus, the meaningful magnitude to focus upon.

    Original languageEnglish
    Pages (from-to)735-738
    Number of pages4
    JournalApplied Economics
    Volume25
    Issue number6
    DOIs
    Publication statusPublished - 1993

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