کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5095574 1478576 2016 31 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Estimating production functions with control functions when capital is measured with error
ترجمه فارسی عنوان
تخمین عملکرد توابع با توابع کنترل زمانی که سرمایه با خطا اندازه گیری می شود
موضوعات مرتبط
مهندسی و علوم پایه ریاضیات آمار و احتمال
چکیده انگلیسی
We revisit the production function estimators of Olley and Pakes (1996) and Levinsohn and Petrin (2003). They use control functions to address the simultaneous determination of inputs and productivity. Both assume that input demand is a monotonic function of productivity holding capital constant and then invert this function to condition on productivity during estimation. If the observed capital variable is measured with error, input demand will not generally be monotonic in the productivity shock holding observed capital constant. We develop consistent estimators of production function parameters in the face of this measurement error. Our identification and estimation results combine the nonlinear measurement error literature with Wooldridge's (2009) joint estimation method to construct a proxy for productivity that addresses simultaneity. Our approach directly extends to the case where other inputs like intermediates or labor are observed with error.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Econometrics - Volume 190, Issue 2, February 2016, Pages 267-279
نویسندگان
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