Olley and Pakes-style Production Function Estimators with Firm Fixed Effects
نویسندگان
چکیده
منابع مشابه
Olley and Pakes-style production function estimators with firm fixed effects
We show that control function estimators (CFEs) of the firm production function, such as Olley-Pakes, may be biased when productivity evolves with a firmspecific drift, in which case the correctly specified control function will contain a firm-specific term, omitted in the standard CFEs. We develop an estimator that is free from this bias by introducing firm fixed effects in the control functio...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2018
ISSN: 0305-9049
DOI: 10.1111/obes.12259