This paper by Larry Cook and Philip Harslett was released on 14 April 2015. It provides an introductory guide to entropy estimation for economic modellers with a particular emphasis on estimating elasticities from limited time series data.

The objective is to provide all the information that researchers need (how it works, the importance of the assumptions, and when and how it should be used) to be able to use the technique confidently.

The paper was presented at the 18th Annual Conference on Global Economic Analysis in Melbourne on 17-19 June 2015.

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