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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