Download or read book An Essay on C E S Production Function Theory and Estimation written by Francisco Jorge Patino-Leal and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays on Production Function Estimation written by Mert Demirer and published by . This book was released on 2020 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first chapter develops a new method for estimating production functions with factor-augmenting technology and assesses its economic implications. The method does not impose parametric restrictions and generalizes prior approaches that rely on the CES production function. I first extend the canonical Olley-Pakes framework to accommodate factor-augmenting technology. Then, I show how to identify output elasticities based on a novel control variable approach and the optimality of input expenditures. I use this method to estimate output elasticities and markups in manufacturing industries in the US and four developing countries. Neglecting labor-augmenting productivity and imposing parametric restrictions mismeasures output elasticities and heterogeneity in the production function. My estimates suggest that standard models (i) underestimate capital elasticity by up to 70 percent (ii) overestimate labor elasticity by up to 80 percent. These biases propagate into markup estimates inferred from output elasticities: markups are overestimated by 20 percentage points. Finally, heterogeneity in output elasticities also affects estimated trends in markups: my estimates point to a much more muted markup growth (about half) in the US manufacturing sector than recent estimates. The second chapter develops partial identification results that are robust to deviations from the commonly used control function approach assumptions and measurement errors in inputs. In particular, the model (i) allows for multi-dimensional unobserved heterogeneity,(ii) relaxes strict monotonicity to weak monotonicity, (iii) accommodates a more flexible timing assumption for capital. I show that under these assumptions production function parameters are partially identified by an 'imperfect proxy' variable via moment inequalities. Using these moment inequalities, I derive bounds on the parameters and propose an estimator. An empirical application is presented to quantify the informativeness of the identified set. The third chapter develops an approach in which endogenous networks is a source of identification in estimations with network data. In particular, I study a linear model where network data can be used to control for unobserved heterogeneity and partially identify the parameters of the linear model. My method does not rely on a parametric model of network formation. Instead, identification is achieved by assuming that the network satisfies latent homophily - the tendency of individuals to be linked with others who are similar to themselves. I first provide two definitions of homophily: weak and strong homophily. Then, based on these definitions, I characterize the identified sets and show that they are bounded under weak conditions. Finally, to illustrate the method in an empirical setting, I estimate the effects of education on risk preferences and peer effects using social network data from 150 Chinese villages.

Download or read book The Theory and Estimation of the CES Production Function written by Susan M. Hocking and published by . This book was released on 1968 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book On the Estimation of a Non neutral CES Production Function written by Y. (Yehuda) Kotowitz and published by Institute for Policy Analysis, University of Toronto. This book was released on 1968* with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The normalized CES production function theory and empirics written by Rainer Klump and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of CES Production function when There are More Than Two Inputs written by and published by . This book was released on 1972 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of Ces Production function when There are More Than Two Inputs written by V. Mukerji and published by . This book was released on 1972 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of the CES production function a comparison written by Rainer Thoss and published by . This book was released on 1967 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Alternative Estimation of CES Production Function written by K. Venkatesu and published by LAP Lambert Academic Publishing. This book was released on 2014-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present book Chapter-I is an introductory one. It states the main aims of the study and source of data about different variables . Chapter-II gives a survey of the literature about all the existing alternative methods of estimation of CES production function. It clearly shows how considerable research has been reported on the estimation of CES function. Chapter-III proposes an alternative method of estimation of CES production function using Kmenta's (1967) approach to the production function. Chapter-IV deals with the empirical investigation of the present study. It includes the empirical results about the estimates of parameters of CES production function using a time series data. Several References are listed in separate title of Bibilography.

Download or read book The CES Production Function with Its Estimation Techniques written by Chumphot Suwaphōn and published by . This book was released on 1976 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Specification and Estimation of Multiple Output Production Functions written by G. Hasenkamp and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is intended as a contribution to applied work in production theory by treating: a) The measurement problems involved whenever several outputs are jointly produced, and b) The (possible) econometric framework for estimating production function parameters whenever (relative) prices vary sufficiently over the observations. Thus, the "pure" theory of production, and the theory of non-linear regression is not treated in sufficient detail: for these topics we refer to the available literature~ for a comprehensive list of references we refer to Uebe (1975). Some years ago, papers by L. J. Lau and W. E. Diewert initiated my interest in duality within production theory, and then I started to appreciate R. W. Shephard's fundamental contribution to this topic. This monograph is a (minor) revision of a Ph. D. dissertation submitted to the Department of Economics, The University of Wisconsin, Madison, in August 1973. The Graduate School and the Social Systems Research Institute provided funds for the reported computer work, Lawrence R. Klein and Laurits R. Christensen provided data, and as a Graduate Student I received financial support in form of an University Fellowship~ all this is very much appreciated. With some nostalgia I think back to the enjoyable period of learning during the preparation of my diFosertation~ I appreciate the spirit within the department, and the guidance of my committee Arthur S. Goldberger, Dennis J. Aigner, and Laurits R. Christensen.

Download or read book Three Essays on the Econometrics of Production Productivity and Capacity Utilization written by Menahem Milo Prywes and published by . This book was released on 1981 with total page 394 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimation of Ces Production Functions for Us Manufacturing by Input output Sector written by Bruce T. Grimm and published by . This book was released on 1969 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tests conducted as part of the study indicate that the Leontief and Cobb-Douglas production functions are of limited worth in representing productive processes as industry aggregates.

Download or read book A Study of the Approximation and Estimation of CES Production Functions written by Elena Lagomarsino and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Specification Analysis and Nonlinear Estimation of CES Production Functions written by Wing-Chung Ho and published by . This book was released on 1976 with total page 81 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Special Issue on The CES Production Function in the Theory and Empirics of Economic Growth written by Rainer Klump and published by . This book was released on 2008 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Production Functions written by Derek L. Bosworth and published by Farborough, Eng. : Saxon House. This book was released on 1976 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The johansen schema; An integrated system of production: comments and criticisms; The ex ante function; The ex ante function and the ex post micro function; Aggregate putty-clay functions; Agtregate neoclassical production functions; Neoclassical production functions: fact or fantasy? Production functions - some conclusions.