Page 90 - Azerbaijan State University of Economics

THE JOURNAL OF ECONOMIC SCIENCES: THEORY AND PRACTICE, V.70, # 1, 2013, pp. 77-96

, .

Please note that the difference between the system equations bring about two

conditions:

a) Expanded Yacobi matrix is obtained through addition of matrix with

dimensions of nxn to the lowest raw of Yakobi matrix A;

b) is a vector of expanded reminders, it is obtained through the addition of

zero components with the length of n to U- initial reminders.

3. The practice of evaluation of CES production function

The CES production function evaluated the parameters based on various

methods on examples of various countries. For example, Mishra, SK (2006)

valuated the CES production function based on non-linear regression using five

optimization methods: Hooke-Jeeves Pattern Moves (HJPM), the Hooke-Jeeves-

Quasi-Newton (HJQN), the Rosenbrock-Quasi-Newton (RQN), the Differential

Evolution (DE) and the Repulsive Particle Swarm methods (RPS)). For the

Eurozone Matthieu Lemoine, Gian Luigi Mazzi, Paola Monperrus-Veroni, Frédéric

Reynes (2009) estimated the CES SEC function.

Indicated model for valuation of SEC production function was used in the

economic models applied in former USSR. Such valuations were made by

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