Estimation of the elasticity of substitution in the presence of errors of measurement

Estimation of the elasticity of substitution in the presence of errors of measurement

Under certain circumstances an estimate of the elasticity of substitution for competitive exports in international trade may be bracketed when prices are not directly measured. Often only value and quantity data are available. In this case regressing value ratios on quantity ratios and vice versa wi...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Veröffentlicht in:Journal of econometrics 1975-02, Vol.3 (1), p.51-56
Hauptverfasser: Scobie, Grant M., Johnson, Paul R.
Format: Artikel
Sprache:eng
Online-Zugang:Volltext
Tags: Tag hinzufügen
Keine Tags, Fügen Sie den ersten Tag hinzu!
container_end_page 56
container_issue 1
container_start_page 51
container_title Journal of econometrics
container_volume 3
creator Scobie, Grant M.
Johnson, Paul R.
description Under certain circumstances an estimate of the elasticity of substitution for competitive exports in international trade may be bracketed when prices are not directly measured. Often only value and quantity data are available. In this case regressing value ratios on quantity ratios and vice versa will bracket the estimate as the asymptotic biases will have opposite signs. If values are divided by quantities to generate a price series, and then regressions are run, both estimates will be biased towards zero and not provide the bounds sought.
doi_str_mv 10.1016/0304-4076(75)90065-2
format Article
fullrecord <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_proquest_journals_1297371626</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><els_id>0304407675900652</els_id><sourcerecordid>1297371626</sourcerecordid><originalsourceid>FETCH-LOGICAL-c344t-fabad40d85051dcfc0244b5750fae5dfa6c60e4cc6e1d13a7f99336ec57b16ff3</originalsourceid><addsrcrecordid>eNp9UE1LAzEUDKJgrf4DDwUvelhNNl_diyClVqHgxZ5Dmn2hKd3NmmQL_fdmW-nRwJCXl5l5ySB0T_AzwUS8YIpZwbAUj5I_VRgLXpQXaESmsizEtOKXaHSmXKObGLcYY86mdIRW85hco5Pz7cTbSdrABHY694xLh6ET-3U-pf7IcO2R0QWI0BoY7iEEH-JQNaBjH6CBNt2iK6t3Ee7-9jFavc-_Zx_F8mvxOXtbFoYylgqr17pmuJ5yzEltrMElY2suObYaeG21MAIDM0YAqQnV0lYVpQIMl2sirKVj9HDy7YL_6SEmtfV9aPNIRcpKUklEKTKLnVgm-BgDWNWF_OdwUASrIUA1pKOGdJTk6higKrNscZIF6MCcNZCX8a1v1F5RTTMOGaTKSqrdUGZ0GZwoLtQmNdnp9eQEOYu9g6CicUOAtQtgkqq9-_8pv3q1kTs</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>1297371626</pqid></control><display><type>article</type><title>Estimation of the elasticity of substitution in the presence of errors of measurement</title><source>RePEc</source><source>Elsevier ScienceDirect Journals</source><source>Periodicals Index Online</source><creator>Scobie, Grant M. ; Johnson, Paul R.</creator><creatorcontrib>Scobie, Grant M. ; Johnson, Paul R.</creatorcontrib><description>Under certain circumstances an estimate of the elasticity of substitution for competitive exports in international trade may be bracketed when prices are not directly measured. Often only value and quantity data are available. In this case regressing value ratios on quantity ratios and vice versa will bracket the estimate as the asymptotic biases will have opposite signs. If values are divided by quantities to generate a price series, and then regressions are run, both estimates will be biased towards zero and not provide the bounds sought.</description><identifier>ISSN: 0304-4076</identifier><identifier>EISSN: 1872-6895</identifier><identifier>DOI: 10.1016/0304-4076(75)90065-2</identifier><language>eng</language><publisher>Amsterdam: Elsevier B.V</publisher><ispartof>Journal of econometrics, 1975-02, Vol.3 (1), p.51-56</ispartof><rights>1975</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c344t-fabad40d85051dcfc0244b5750fae5dfa6c60e4cc6e1d13a7f99336ec57b16ff3</citedby><cites>FETCH-LOGICAL-c344t-fabad40d85051dcfc0244b5750fae5dfa6c60e4cc6e1d13a7f99336ec57b16ff3</cites></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktohtml>$$Uhttps://www.sciencedirect.com/science/article/pii/0304407675900652$$EHTML$$P50$$Gelsevier$$H</linktohtml><link.rule.ids>314,776,780,3537,3994,27846,27901,27902,65306</link.rule.ids><backlink>$$Uhttp://econpapers.repec.org/article/eeeeconom/v_3a3_3ay_3a1975_3ai_3a1_3ap_3a51-56.htm$$DView record in RePEc$$Hfree_for_read</backlink></links><search><creatorcontrib>Scobie, Grant M.</creatorcontrib><creatorcontrib>Johnson, Paul R.</creatorcontrib><title>Estimation of the elasticity of substitution in the presence of errors of measurement</title><title>Journal of econometrics</title><description>Under certain circumstances an estimate of the elasticity of substitution for competitive exports in international trade may be bracketed when prices are not directly measured. Often only value and quantity data are available. In this case regressing value ratios on quantity ratios and vice versa will bracket the estimate as the asymptotic biases will have opposite signs. If values are divided by quantities to generate a price series, and then regressions are run, both estimates will be biased towards zero and not provide the bounds sought.</description><issn>0304-4076</issn><issn>1872-6895</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>1975</creationdate><recordtype>article</recordtype><sourceid>X2L</sourceid><sourceid>K30</sourceid><recordid>eNp9UE1LAzEUDKJgrf4DDwUvelhNNl_diyClVqHgxZ5Dmn2hKd3NmmQL_fdmW-nRwJCXl5l5ySB0T_AzwUS8YIpZwbAUj5I_VRgLXpQXaESmsizEtOKXaHSmXKObGLcYY86mdIRW85hco5Pz7cTbSdrABHY694xLh6ET-3U-pf7IcO2R0QWI0BoY7iEEH-JQNaBjH6CBNt2iK6t3Ee7-9jFavc-_Zx_F8mvxOXtbFoYylgqr17pmuJ5yzEltrMElY2suObYaeG21MAIDM0YAqQnV0lYVpQIMl2sirKVj9HDy7YL_6SEmtfV9aPNIRcpKUklEKTKLnVgm-BgDWNWF_OdwUASrIUA1pKOGdJTk6higKrNscZIF6MCcNZCX8a1v1F5RTTMOGaTKSqrdUGZ0GZwoLtQmNdnp9eQEOYu9g6CicUOAtQtgkqq9-_8pv3q1kTs</recordid><startdate>19750201</startdate><enddate>19750201</enddate><creator>Scobie, Grant M.</creator><creator>Johnson, Paul R.</creator><general>Elsevier B.V</general><general>Elsevier</general><general>North-Holland Pub. Co</general><scope>DKI</scope><scope>X2L</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>FUVTR</scope><scope>IZSXY</scope><scope>K30</scope><scope>PAAUG</scope><scope>PAWHS</scope><scope>PAWZZ</scope><scope>PAXOH</scope><scope>PBHAV</scope><scope>PBQSW</scope><scope>PBYQZ</scope><scope>PCIWU</scope><scope>PCMID</scope><scope>PCZJX</scope><scope>PDGRG</scope><scope>PDWWI</scope><scope>PETMR</scope><scope>PFVGT</scope><scope>PGXDX</scope><scope>PIHIL</scope><scope>PISVA</scope><scope>PJCTQ</scope><scope>PJTMS</scope><scope>PLCHJ</scope><scope>PMHAD</scope><scope>PNQDJ</scope><scope>POUND</scope><scope>PPLAD</scope><scope>PQAPC</scope><scope>PQCAN</scope><scope>PQCMW</scope><scope>PQEME</scope><scope>PQHKH</scope><scope>PQMID</scope><scope>PQNCT</scope><scope>PQNET</scope><scope>PQSCT</scope><scope>PQSET</scope><scope>PSVJG</scope><scope>PVMQY</scope><scope>PZGFC</scope></search><sort><creationdate>19750201</creationdate><title>Estimation of the elasticity of substitution in the presence of errors of measurement</title><author>Scobie, Grant M. ; Johnson, Paul R.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c344t-fabad40d85051dcfc0244b5750fae5dfa6c60e4cc6e1d13a7f99336ec57b16ff3</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>1975</creationdate><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Scobie, Grant M.</creatorcontrib><creatorcontrib>Johnson, Paul R.</creatorcontrib><collection>RePEc IDEAS</collection><collection>RePEc</collection><collection>CrossRef</collection><collection>Periodicals Index Online Segment 06</collection><collection>Periodicals Index Online Segment 30</collection><collection>Periodicals Index Online</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - West</collection><collection>Primary Sources Access (Plan D) - International</collection><collection>Primary Sources Access &amp; Build (Plan A) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Midwest</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Northeast</collection><collection>Primary Sources Access (Plan D) - Southeast</collection><collection>Primary Sources Access (Plan D) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Southeast</collection><collection>Primary Sources Access (Plan D) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - UK / I</collection><collection>Primary Sources Access (Plan D) - Canada</collection><collection>Primary Sources Access (Plan D) - EMEALA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - North Central</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - International</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - International</collection><collection>Primary Sources Access (Plan D) - West</collection><collection>Periodicals Index Online Segments 1-50</collection><collection>Primary Sources Access (Plan D) - APAC</collection><collection>Primary Sources Access (Plan D) - Midwest</collection><collection>Primary Sources Access (Plan D) - MEA</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - Canada</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - EMEALA</collection><collection>Primary Sources Access &amp; Build (Plan A) - APAC</collection><collection>Primary Sources Access &amp; Build (Plan A) - Canada</collection><collection>Primary Sources Access &amp; Build (Plan A) - West</collection><collection>Primary Sources Access &amp; Build (Plan A) - EMEALA</collection><collection>Primary Sources Access (Plan D) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - Midwest</collection><collection>Primary Sources Access &amp; Build (Plan A) - North Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Northeast</collection><collection>Primary Sources Access &amp; Build (Plan A) - South Central</collection><collection>Primary Sources Access &amp; Build (Plan A) - Southeast</collection><collection>Primary Sources Access (Plan D) - UK / I</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - APAC</collection><collection>Primary Sources Access—Foundation Edition (Plan E) - MEA</collection><jtitle>Journal of econometrics</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Scobie, Grant M.</au><au>Johnson, Paul R.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Estimation of the elasticity of substitution in the presence of errors of measurement</atitle><jtitle>Journal of econometrics</jtitle><date>1975-02-01</date><risdate>1975</risdate><volume>3</volume><issue>1</issue><spage>51</spage><epage>56</epage><pages>51-56</pages><issn>0304-4076</issn><eissn>1872-6895</eissn><abstract>Under certain circumstances an estimate of the elasticity of substitution for competitive exports in international trade may be bracketed when prices are not directly measured. Often only value and quantity data are available. In this case regressing value ratios on quantity ratios and vice versa will bracket the estimate as the asymptotic biases will have opposite signs. If values are divided by quantities to generate a price series, and then regressions are run, both estimates will be biased towards zero and not provide the bounds sought.</abstract><cop>Amsterdam</cop><pub>Elsevier B.V</pub><doi>10.1016/0304-4076(75)90065-2</doi><tpages>6</tpages></addata></record>
fulltext fulltext
identifier ISSN: 0304-4076
ispartof Journal of econometrics, 1975-02, Vol.3 (1), p.51-56
issn 0304-4076
1872-6895
language eng
recordid cdi_proquest_journals_1297371626
source RePEc; Elsevier ScienceDirect Journals; Periodicals Index Online
title Estimation of the elasticity of substitution in the presence of errors of measurement
url https://sfx.bib-bvb.de/sfx_tum?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-02-03T15%3A34%3A40IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest_cross&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Estimation%20of%20the%20elasticity%20of%20substitution%20in%20the%20presence%20of%20errors%20of%20measurement&rft.jtitle=Journal%20of%20econometrics&rft.au=Scobie,%20Grant%20M.&rft.date=1975-02-01&rft.volume=3&rft.issue=1&rft.spage=51&rft.epage=56&rft.pages=51-56&rft.issn=0304-4076&rft.eissn=1872-6895&rft_id=info:doi/10.1016/0304-4076(75)90065-2&rft_dat=%3Cproquest_cross%3E1297371626%3C/proquest_cross%3E%3Curl%3E%3C/url%3E&disable_directlink=true&sfx.directlink=off&sfx.report_link=0&rft_id=info:oai/&rft_pqid=1297371626&rft_id=info:pmid/&rft_els_id=0304407675900652&rfr_iscdi=true