Lizal, Lubomir; Galuščák, Kamil - William Davidson Institute, University of Michigan - 2012
Based on a large panel of Czech manufacturing firms, we estimate firm-level production functions in 2003–2007 using the Levinsohn and Petrin (2003) and Wooldridge (2009) approaches, correcting for the measurement error in capital. We show that measurement error plays a significant role in the...
