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Measuring the "Ideas" Production Function : Evidence from International Patent Output

Porter, Michael E. - 2000

This paper estimates the parameters of the ideas' production function central to recent models of economic growth. We do so by evaluating the determinants of international' patenting rates across the OECD, where an international patent is one granted by the U.S. patent office to a foreign...

Persistent link: https://www.econbiz.de/10012470846

Paasche vs. Laspeyres : The Elasticity of Substitution and Bias in Measures of TFP Growth

Young, Alwyn - 1998

In recent papers, Nelson and Pack (1995) , Rodrik (1997), and Hsieh (1997a) argue that standard measures of total factor productivity growth in countries where the capital-labour ratio has risen rapidly, e.g. the East Asian NICS, will understate true productivity growth if the elasticity of...

Persistent link: https://www.econbiz.de/10012472148

Experimental Estimates of Education Production Functions

Krueger, Alan B. - 1997

This paper analyzes data from Project STAR, an experiment in which 11,600 Tennessee kindergarten students and teachers were randomly assigned to one of three types of classes beginning in the 1985-86 school year: small classes (13-17 students), regular-size classes (22-25 students) teacher's...

Persistent link: https://www.econbiz.de/10012472763

Accounting for Growth With New Inputs

Feenstra, Robert C. - 1992

In this paper we examine how to account for growth when new inputs are being created. In particular, we obtain a decomposition of growth into that due to a higher quantity of existing inputs, and that due to a greater range of inputs. This decomposition is first obtained for a single firm, with...

Persistent link: https://www.econbiz.de/10012474859

Some Unpleasant Markup Arithmetic : Production Function Elasticities and their Estimation from Production Data

Bond, Steve - 2020

share in revenue. This note raises issues that concern identification and estimation of markups using the ratio estimator … not equal to the markup. Concerning estimation: (i) even with data on output quantities, it is challenging to obtain …

Persistent link: https://www.econbiz.de/10012481959

Production Function Estimation without Invertibility : Imperfectly Competitive Environments and Demand Shocks

Doraszelski, Ulrich; Lixiong, Li - National Bureau of Economic Research - 2025

We advance the proxy variable approach to production function estimation. We show that the invertibility assumption at … rethinking how the estimation procedure is implemented either eliminates or mitigates the bias that arises if invertibility fails … rendering the asymptotic distribution of the GMM estimator in the second step of the estimation procedure invariant to …

Persistent link: https://www.econbiz.de/10015421890

The Perils of the Learning Model For Modeling Endogenous Technological Change

Nordhaus, William D. - 2009

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently been introduced in policy models of energy and global warming economics to make the process of technological change endogenous. It is not widely appreciated that this is a...

Persistent link: https://www.econbiz.de/10012464011

Public Finance in a Nutshell : A Cobb Douglas Teaching Tool for General Equilibrium Tax Incidence and Excess Burden

Fullerton, Don - 2017

To help first- or second-year graduate students in economics apply their theoretical training, this paper shows how to solve a simple and intuitive computable general equilibrium (CGE) model using a calculator. Because this simplified Harberger model uses Cobb Douglas functional forms for...

Persistent link: https://www.econbiz.de/10012455616

Estimating Gross Output Production Functions

Trunschke, Markus; Judd, Kenneth L. - National Bureau of Economic Research - 2024

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...

Persistent link: https://www.econbiz.de/10015145156

Production Function Estimation with Measurement Error in Inputs

Collard-Wexler, Allan - 2016

used estimation techniques in the productivity literature fail in the presence of plausible amounts of measurement error in …

Persistent link: https://www.econbiz.de/10012456240