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Re: ecotrix practice ques..try dis

Posted by Akshay Jain on Apr 18, 2014; 3:35pm
URL: http://discussion-forum.276.s1.nabble.com/ecotrix-practice-ques-try-dis-tp7587108p7587365.html

yes the ans shud be D
theoritically its like dis
dY/dX = b in 1st model
and
dlogY/dX=(1/Y)*dY/dX = d
so comparison can only be done if we are given the units in which Y is measured
if Y is greater dn 1 then b>d
if Y lies b\w 0 and 1 den b<d (the behavior of log play the role in this case)
Akshay Jain
Masters in Economics
Delhi School of Economics
2013-15