Scale Factor, R2, and the Choice of Levels versus Returns Models

作者: Zhaoyang Gu

DOI:

关键词: Scale (ratio)Basis (linear algebra)EconometricsReturns to scaleEconometric modelResearch questionEconomicsRegressionPrice levelScale factor

摘要: This paper analyzes a potential scale effect on the regression R 2 to determine if a scale factor can reconcile the arguments concerning the choice between the price levels model and …

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