6 datasets found

We consider generalized production functions, introduced in Zellner and Revankar (1969), for output y=g(f) where g is a monotonic function and f is a homogeneous production...

This paper proposes a cointegration approach to testing the validity long-run equilibrium in production, where capital and labour are taken as quasi-fixed inputs. Previous...

This article explores to what extent the poor results that are often found when estimating parameters of production functions can be attributed to measurement errors, due to the...

Recent advances in the growth literature have proposed that difficult-to-quantify concepts such as social capital may play an important role in explaining the degree of...

An econometric methodology is developed for nonparametric estimation of concave production technologies. The methodology, based on the principle of maximum likelihood, uses...

Consistent with two models of imperfect competition in the labor market-the efficient bargaining model and the monopsony model-we provide two extensions of a microeconomic...