An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy

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Springer berlin heidelberg

An Inter-Industry Translog Model of Prices and Technical Change for the West German Economy : Springer : 9783540127093 : 3540127097 : 01 Dec 1983 : This book presents the results of a research project which has been carried out in the Special Research Unit (Sonderforschungs­ bereich) 21 at Bonn University. It is a part of the current research on disaggregated econometric forecasting models with a fully integrated input-output system with variable input co­ efficients where prices are explained as dual variables of the underlying production model. A similar approach has already been used by Knut KUbler "Ein disaggregiertes Prognosesystem fUr die Bundesrepublik, die Unternehmenssektoren", Meisenheim am Glan, 1977. But KUbler assumed Cobb-Douglas production functions. Mean­ while a new approach has been suggested by Jorgenson and others, using more flexible forms of functions, e. g. the translog function as an approximation to any reasonable neo-classical production function, see Hudson a

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