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Estimating Gross Output Production Functions / Markus Trunschke, Kenneth L. Judd.
- Format:
- Book
- Author/Creator:
- Trunschke, Markus.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w33205.
- NBER working paper series no. w33205
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2024.
- Summary:
- This paper develops a novel method to estimate production functions. Earlier papers rely on special assumptions about the functional form of production functions. Our approach efficiently estimates all parameters of any production functions with Hicks-neutral productivity without additional exogenous variables or sources of variation in flexible input demand. We provide Monte Carlo Simulation evidence of our method's performance and test our approach on empirical data from Chilean and Colombian manufacturing industries.
- Notes:
- November 2024.
- Print version record
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