Download or read book Specification and Estimation of Production Functions for US Manufacturing written by R. K. Diwan and published by . This book was released on with total page 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 Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.
Download or read book Production Function Estimation with Industry Capacity Data written by Plutarchos Sakellaris and published by . This book was released on 2001 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Micro production Functions Aren t Pretty written by Casey Ichniowski and published by . This book was released on 1984 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study documents extreme variations in productivity within a panel of eleven firms in the same narrowly defined industry classification. Many of the sources of this variation were identified in field investigations of each plant. These investigations in turn allowed for the development of detailed specifications for inputs and outputs using data collected from the sites. The empirical estimates show that, irrespective of the precise functional form adopted, these detailed specifications, particularly those for output heterogeneity, are critical determinants of the performance of plant-level production functions. When the most detailed input and output specifications are used, 95% of the observed variation in plant production is explained. However, when the eleven firms are treated as an industry, less detailed specifications for inputs and outputs are shown to be more appropriate for explaining the variation in industry production.
Download or read book An International Study of Manufacturing Production Functions written by Kye-Woo Lee and published by . This book was released on 1972 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory and Empirical Analysis of Production written by Murray Brown and published by . This book was released on 1967 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Structure of Production Technology Productivity and Aggregation Effects written by Phoebus J. Dhrymes and published by . This book was released on 1991 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Specification and estimation of multipleoutput production functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page 151 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 Specification and Estimation of Farm Level Production Function from Combined Cross section Time Series Data in Taiwan written by Jhi-Tzeng Shih and published by . This book was released on 1975 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production and Cost Functions written by Erkin Bairam and published by Routledge. This book was released on 2018-04-27 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. The objective of this book is to discuss specification and applications of new production, cost and profit functions. It is aimed at specialists in production, economic growth, costs, profits and applied econometrics in particular.
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Download or read book The Specification and Estimation of Cobb Douglas Production Function with Randomly Varying Parameters written by Baldev Raj and published by . This book was released on 1978 with total page 19 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 Production Functions with Variable Elasticity of Substitution and Variable Returns to Scale written by Nagesh S. Revankar and published by . This book was released on 1967 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Specifications and Estimation of Multiple Output Production Functions written by Georg Hasenkamp and published by . This book was released on 1976 with total page 551 pages. Available in PDF, EPUB and Kindle. Book excerpt:
