Estimation of factor shares by ridge estimator

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Published:
Oct 21, 2006
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No. 60 (2006)
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Artykuły
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Lucyna Błażejczyk-Majka
Katedra Metod Matematycznych i Statystycznych, Akademia Rolnicza w Poznaniu
https://orcid.org/0000-0002-4439-8351
Radosław Kala
Katedra Metod Matematycznych i Statystycznych, Akademia Rolnicza w Poznaniu

DOI: https://doi.org/10.22630/EIOGZ.2006.60.25
Keywords : factor share, Cobb-Douglas production function, ridge regression
Abstract
In the papers the method of estimation factor shares based on the ridge estimator is presented. This technique can be used then multicollinearity among the explanatory variables is presence and reduction of model is impossible. This situation takes often places then you calculate share of factor in production. Its practical application concerning the estimation of share of four elementary factors: land, labour, working capital and fixed capital in the agricultural production of France and Great Britain in period 1973-2003, is also investigated

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How to Cite
Błażejczyk-Majka, L., & Kala, R. (2006). Estimation of factor shares by ridge estimator. Zeszyty Naukowe SGGW - Ekonomika I Organizacja Gospodarki Żywnościowej, (60), 35–43. https://doi.org/10.22630/EIOGZ.2006.60.25
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