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st: log of zero
dear stata listers,
I want to estimate production function in logs in order to interpret the
coefficients in terms of elasticities. one of the RHS variables has a
lot of zero value. in such cases, some people usually add a very small
value in order to avoid the problem of 'undefined' log of zero. a
similar issue was discussed some time ago among other things and in a
quite different context but an interesting alternative suggestion was
made (which I can't remember anymore). unfortunately, I was not able to
find this particular thread.
in that sence, any suggestions how to deal with the problem would be
greatly appreciated
thanks a lot
viktor
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