For a data if I calculate Elasticity using 1) log-log model with Elasticity = Beta and 2) Calculate elasticity in Level-Level Model with elasticity = beta *(X/Y)

should the resultant value of elasticity be same.. ? In my case the value is not same. Am I doing something wrong? Or is this expected? I am not from an econometrics background. any links would be helpful

  • $\begingroup$ These terms need context for interpretation, could you provide more context? $\endgroup$ – ReneBt Mar 20 at 13:53
  • $\begingroup$ I am trying to calculate elasticity of a product. Now If I calculate it using the log-log model or level-level model should the resultant elasticity value be the same. Because mine is not. $\endgroup$ – Swathy Krishnan Mar 21 at 10:57

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