IDENTIFICATION PROPERTIES OF RECENT PRODUCTION FUNCTION ESTIMATORS

This paper examines some of the recent literature on the estimation of production functions. We focus on techniques suggested in two recent papers, Olley and Pakes (1996) and Levinsohn and Petrin (2003). While there are some solid and intuitive identification ideas in these papers, we argue that the...

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Veröffentlicht in:	Econometrica 2015-11, Vol.83 (6), p.2411-2451
Hauptverfasser:	Ackerberg, Daniel A., Caves, Kevin, Frazer, Garth
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital costs Capital investments Consistent estimators Econometrics Economic theory Estimating techniques Estimators Input prices Production estimates Production functions Productivity productivity growth Studies total factor productivity Unobservables
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