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Fonctions de production et biais d'agrégation

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  • Nicole M. Fortin

Abstract

This paper considers the aggregation of production functions within a stochastic framework where both the technological parameters and the factor inputs are thought to be probabilistically distributed across firms. The corresponding "true" aggregate production function expressed in moments form is compared with the macro function of choice. This comparison either yields an aggregation bias in total output, if the macro function is fully specified, or allows the relation between exact aggregation macro parameters and their micro foundations to be established, if not.

Suggested Citation

  • Nicole M. Fortin, 1991. "Fonctions de production et biais d'agrégation," Annals of Economics and Statistics, GENES, issue 20-21, pages 41-68.
    • Handle: RePEc:adr:anecst:y:1991:i:20-21:p:41-68
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    File URL: http://www.jstor.org/stable/20075806
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    Cited by:

    1. Guillochon, Justine & Le Roux, Julien, 2023. "Unobserved components model(s): output gaps and financial cycles," Working Paper Series 2832, European Central Bank.

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