Normalized CES supply systems: Replication of Klump, McAdam, and Willman (2007)

B-Tier
Journal: Journal of Applied Econometrics
Year: 2018
Volume: 33
Issue: 2
Pages: 290-296

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

The analysis of Klump, McAdam, and Willman (Review of Economics and Statistics, 2007, 89, 183–192) is replicated using alternative software. Their results are verified substantively and, in large measure, numerically. Contributions include a more explicit consideration of the nested testing structure than has appeared previously, and the appropriate means of imposing and testing the special case of logarithmic growth in technology. Also, plots of the likelihood serve to emphasize that maxima in the neighborhood of a unitary elasticity of substitution are often a spurious artifact of the singularity of the model at this point, of which empirical researchers should beware.

Technical Details

RePEc Handle
repec:wly:japmet:v:33:y:2018:i:2:p:290-296
Journal Field
Econometrics
Author Count
1
Added to Database
2026-01-29