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Título: A Note on the Use of a Logarithmic Time Trend
Autores: Watts, Geof
Quiggin, John C.
Fecha: 2007-02-01
2007-03-08
2007-02-01
2007-03-08
1984-08
Publicador: AgEcon
Fuente:
Tipo: Journal Article
Tema: Research Methods/ Statistical Methods
Descripción: It is shown that parameter estimates in a regression with a logarithmic time trend are not invariant to the choice of the starting point of that time trend. Possible solutions to this problem are discussed and applied to data from a recent article in this Review where a logarithmic time trend was included. It is suggested that the appropriate course is either to estimate the starting date directly or to adopt a functional form invariant to the choice of starting date.
Idioma: English
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