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st: estimating production function
From
"Martinez San Roman, Valeriano" <[email protected]>
To
<[email protected]>
Subject
st: estimating production function
Date
Mon, 1 Mar 2010 12:57:30 +0100
Dear Stata users,
I hope you can help me. I am trying to estimate a cobb-douglas
production function (Y=X1^a*X2^b*X3^c*....) using panel data with fixed
effects.
I am using the log of the production function as my functional form,
that is, Ln(Y) = aLn(X1) + bLn(X2) + cLn(X3)+....
And I have to assume that we have constant returns to scale, in other
words, the sum of the exponentials must be equal to 1 (a+b+c+...=1)
Is there a command to restrict the sum of exponentials to be equal to 1.
How can I do it?
Thank you very much,
Valeriano
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