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Methodological Problems in The Econometric Estimation of Production Functions

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  • Maria Kazakova

    () (Russian Presidential Academy of National Economy and Public Administration)

Abstract

In estimating production functions of the researcher is faced with a number of problems, which in the most general form, can be divided into two groups: the problems associated with most econometric estimation techniques, and problems of measurement factors. In the econometric estimation of production functions of the two main problems are linearization of the functional forms and elimination of endogenous explanatory variables. The latter problem is specific to mikroproizvodstvennyh functions, so it we discuss in more detail. Using statistics available in most cases leads to an inaccurate measurement of the volume and cost of factors of production firm that can shift the assessments of the technical characteristics of the production functions. In this paper we detail the mechanism and causes of such bias Example mikroproizvodstvennyh functions. Particular attention is paid to such specific microeconomic production functions as the problem of endogeneity of explanatory variables. Microfunctions also applied to the problems connected with measuring the volume of output and factor costs.

Suggested Citation

  • Maria Kazakova, 2013. "Methodological Problems in The Econometric Estimation of Production Functions," Working Papers 32, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:32
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    References listed on IDEAS

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    1. Angrist, Joshua D. & Krueger, Alan B., 1999. "Empirical strategies in labor economics," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 23, pages 1277-1366 Elsevier.
    2. Leamer, Edward E. & Levinsohn, James, 1995. "International trade theory: The evidence," Handbook of International Economics,in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 26, pages 1339-1394 Elsevier.
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    4. Katz, Lawrence F. & Autor, David H., 1999. "Changes in the wage structure and earnings inequality," Handbook of Labor Economics,in: O. Ashenfelter & D. Card (ed.), Handbook of Labor Economics, edition 1, volume 3, chapter 26, pages 1463-1555 Elsevier.
    5. Grossman, Gene M. & Helpman, Elhanan, 1991. "Trade, knowledge spillovers, and growth," European Economic Review, Elsevier, vol. 35(2-3), pages 517-526, April.
    6. Pinelopi K. Goldberg & Nina Pavcnik, 2004. "Trade, Inequality, and Poverty: What Do We Know? Evidence from Recent Trade Liberalization Episodes in Developing Countries," NBER Working Papers 10593, National Bureau of Economic Research, Inc.
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    Keywords

    production functions;

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