The Review of Economics and Statistics Vol. 81 No. 4 1999
Bootstrap Variance Estimation of Nonlinear Functions of Parameters: An Application to Long-Run Elasticities of Energy Demand
Abstract
In many practical applications, one is interested in obtaining confidence intervals for nonlinear functions of the parameters. This paper considers the following different methods: Fieller's method, Taylor's series expansion, and bootstrap methods. Compared to some of the earlier results in the empirical studies that are against the application of bootstrap, our results suggest a different conclusion in favor of the bootstrap methods.
- DOI
- 10.1162/003465399558445
- Volume
- 81
- Issue
- 4
- Pages
- 728-733
- Language
- en
- Sources
- openalex crossref