Elasticities and the Inverse Hyperbolic Sine Transformation

被引：569

作者：

Bellemare, Marc F. ^{[1
]}

Wichman, Casey J. ^{[2
]}

机构：

[1] Univ Minnesota, Dept Appl Econ, St Paul, MN 55108 USA

[2] Resources Future Inc, 1616 P St NW,Suite 600, Washington, DC 20036 USA

来源：

OXFORD BULLETIN OF ECONOMICS AND STATISTICS | 2020年 / 82卷 / 01期

关键词：

DUMMY VARIABLES;

D O I：

10.1111/obes.12325

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Applied econometricians frequently apply the inverse hyperbolic sine (or arcsinh) transformation to a variable because it approximates the natural logarithm of that variable and allows retaining zero-valued observations. We provide derivations of elasticities in common applications of the inverse hyperbolic sine transformation and show empirically that the difference in elasticities driven by ad hoc transformations can be substantial. We conclude by offering practical guidance for applied researchers.

引用

页码：50 / 61

页数：12

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