Felipe, Jesus; Hasan, Rana; McCombie, J. S. L. - College of Business and Economics, Australian National … - 2004
this paper argues that the true cause of the endogeneity bias that allegedly appears when estimating production functions, and which the literature has tried to deal with since the 1940s, is s imply the result of omitted-variable bias due to an incorrect approximation to an accounting identity....
