Econometric Issues and Methods in the Estimation of Production Functions

Aguirregabiria, Victor (2009): Econometric Issues and Methods in the Estimation of Production Functions.

Abstract

This paper discusses the main econometric issues in the identification and estimation of production functions, and reviews recent methods. The main emphasis of the paper is in explaining the role of different identifying assumptions used in alternative estimation methods.

• Item Type: MPRA Paper
• Language: English
• Keywords: Production Function Estimation. Dynamic Panel Data Models. Endogeneity. Sample Selection.
• Subjects: L - Industrial Organization > L1 - Market Structure, Firm Strategy, and Market Performance > L11 - Production, Pricing, and Market Structure ; Size Distribution of Firms; C - Mathematical and Quantitative Methods > C0 - General > C01 - Econometrics

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