Cointegration, factor shares, and production function parameters
This note evaluates the usefulness of cointegration relations for estimating production function parameters, as pioneered by Caballero (1994). While using long-run variation to estimate production function parameters is a desirable estimation strategy, this note demonstrates that the Cointegration Model will not be informative for estimating substitution parameters.
Year of publication: |
2011
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Authors: | Chirinko, Robert S. ; Mallick, Debdulal |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 112.2011, 2, p. 205-206
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Publisher: |
Elsevier |
Keywords: | Production function parameters Factor substitution Cointegration |
Saved in:
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