Testing the Validity of Aggregates.
Ths article develops a new approach for testing aggregation restrictions in estimated production-function and cost-function models. Rather than using the well-known separability conditions for the existence of an aggregate, this approach focuses on testng whether a particular aggregate is valid and develops empirically testable necessary and sufficient conditions for the validity of some known aggregation scheme. An empirical section examines the power of this test in the context of a simple production-function model.
Year of publication: |
1990
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Authors: | Aizcorbe, Ana M |
Published in: |
Journal of Business & Economic Statistics. - American Statistical Association. - Vol. 8.1990, 4, p. 373-83
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Publisher: |
American Statistical Association |
Saved in:
Saved in favorites
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