Rizov, Marian; Walsh, Patrick Paul - Forschungsinstitut zur Zukunft der Arbeit <Bonn> - 2007
Ackerberg et al. (2005) we adjust thealgorithm in Olley and Pakes (1996) by augmenting investment and exit decisions to allow … forexogenous demand shocks by trade orientation, assuming that labour and capital are statevariables, and productivity follows a …
(3)
and the investment demand function as,
),,,,(
jtjtjtjtjttjt
elakii ω= . (4)
Productivity, ω
jt
is …