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Technological change can increase the productivity of the various factors of production in equal terms or it can be biased towards a specific factor. We develop an estimator for production functions when productivity is multi-dimensional. We directly assess the bias of technological change by...
Persistent link: https://www.econbiz.de/10011093691
We develop a simple estimator for production functions in the presence of endogenous productivity change that allows us to retrieve productivity and its relationship with R\&D at the firm level. By endogenizing the productivity process we build on the recent literature on structural estimation...
Persistent link: https://www.econbiz.de/10005661740