In the model ln Y_i = a + B X_i + u_i, where ln is the natural log, the elasticity of Y with respect to X is given by:
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2 marksEconometricsDummy variables and functional formsLog, quadratic and other functional formsModerateabout 1 min
UGC-NET 2023 Question 9: Dummy variables and functional forms
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Dummy variables and functional forms has come up 20 times in 6 exams since 2011.
What this question tests
This question is on Log, quadratic and other functional forms, part of Dummy variables and functional forms in Econometrics.
Choosing and interpreting log-log, semi-log, quadratic and reciprocal specifications.
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