{"title":"IDENTIFICATION AND THE INFLUENCE FUNCTION OF OLLEY AND PAKES’ (1996) PRODUCTION FUNCTION ESTIMATOR","authors":"J. Hahn, Z. Liao, G. Ridder","doi":"10.1017/S0266466622000305","DOIUrl":null,"url":null,"abstract":"In this paper, we reconsider the assumptions that ensure the identification of the production function in Olley and Pakes (1996, Econometrica 64, 1263–1297). We show that an index restriction plays a crucial role in the identification, especially if the capital stock is measured by the perpetual inventory method. The index restriction is not sufficient for identification under sample selectivity. The index restriction makes it possible to derive the influence function and the asymptotic variance of the Olley–Pakes estimator.","PeriodicalId":49275,"journal":{"name":"Econometric Theory","volume":"39 1","pages":"1044 - 1066"},"PeriodicalIF":1.0000,"publicationDate":"2022-07-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Econometric Theory","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1017/S0266466622000305","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
In this paper, we reconsider the assumptions that ensure the identification of the production function in Olley and Pakes (1996, Econometrica 64, 1263–1297). We show that an index restriction plays a crucial role in the identification, especially if the capital stock is measured by the perpetual inventory method. The index restriction is not sufficient for identification under sample selectivity. The index restriction makes it possible to derive the influence function and the asymptotic variance of the Olley–Pakes estimator.
Econometric TheoryMATHEMATICS, INTERDISCIPLINARY APPLICATIONS-STATISTICS & PROBABILITY
CiteScore
1.90
自引率
0.00%
发文量
52
审稿时长
>12 weeks
期刊介绍：
Since its inception, Econometric Theory has aimed to endow econometrics with an innovative journal dedicated to advance theoretical research in econometrics. It provides a centralized professional outlet for original theoretical contributions in all of the major areas of econometrics, and all fields of research in econometric theory fall within the scope of ET. In addition, ET fosters the multidisciplinary features of econometrics that extend beyond economics. Particularly welcome are articles that promote original econometric research in relation to mathematical finance, stochastic processes, statistics, and probability theory, as well as computationally intensive areas of economics such as modern industrial organization and dynamic macroeconomics.
京公网安备 11010802042870号
京ICP备2023020795号-1
分享
求助内容：
应助结果提醒方式：
扫码关注我们
