Journal Article Correct Fixed-capital Replacement in Input-output Growth Models Get access W. F. Gossling W. F. Gossling University of East Anglia and West Virginia University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 4, October 1974, Pages 525–531, https://doi.org/10.2307/2296702 Published: 01 October 1974

Many studies of k-class estimators have investigated their distributional properties (see Kadane [4], pp. 723-724 for a useful summary). Here we are concerned with the mathematical analysis of the k-class formulae rather than with their statistical analysis. Other work in this field includes Theil [10], pp. 233-237, Maeshiro [7], Oi [8] and Kadiyala [5]. In this paper we examine how the k-class estimator varies with k. We derive an expression from which the main features of the graph of a k-class estimator may be obtained and show that, except in a subspace of measure zero, the parameter estimates and their asymptotic standard errors become infinite for some value k1 that is common to the parameters of an equation whilst their ratios (the t-ratios) tend to zero.

J. M. Grandmont, A. P. Kirman, W. Neuefeind; A New Approach to the Uniqueness of Equilibrium12, The Review of Economic Studies, Volume 41, Issue 2, 1 April 1974

Dale W. Jorgenson, Lawrence J. Lau; The Duality of Technology and Economic Behaviour12, The Review of Economic Studies, Volume 41, Issue 2, 1 April 1974, P