Showing 1 - 10 of 94
We propose a new method for estimating capital stocks at the firm level by combining business accounts information and investment data. The method also produces capital estimates at the sector or industry level by summing individual firms' capital stocks and appropriately inflating this sum to...
Persistent link: https://www.econbiz.de/10011968135
In the Norwegian national accounts, as in many other countries, it is quite common to use information on depreciation … different types of capital assets and their assessments of the most realistic depreciation profiles. For some capital categories … depreciation profiles, and carry out an econometric analysis for two types of capital where second-hand markets exist, Machinery …
Persistent link: https://www.econbiz.de/10011968610
Aggregation of tangible capital assets across vintages and decomposition of value aggregates into quantities and prices are considered. Focus is on both capital stock values and capital service values. If the definitions and ways of measuring prices and quantities are not conformable, a third...
Persistent link: https://www.econbiz.de/10011968288
This paper describes firms' output and factor demand before, during and after episodes of lumpy investments using a rich employer-employee panel data set for two manufacturing industries and one service industry. We focus on the simultaneous adjustment of capital, materials, man-hours, as well...
Persistent link: https://www.econbiz.de/10011968211
This paper explores the inconsistency of common scale estimators when output is proxied by deflated sales, based on a common output deflator across firms. The problems arise when firms operate in an imperfectly competitive environment and prices differ between firms. In particular, we show that...
Persistent link: https://www.econbiz.de/10011967899
under geometric depreciation. The data are plant-level panel data from the Norwegian manufacturing statistics, containing … consequences of choosing different depreciation rates a priori, when we use as benchmark for the level of the capital stocks … deflated fire insurance values in a specific year. The choice of depreciation rate is of substantial importance, some values …
Persistent link: https://www.econbiz.de/10011968038
This paper analyses the importance of scale economies by means of unbalanced plant-level panel data from three Norwegian manufacturing industries. Focus is on heterogeneous technologies, and unlike most previous work on micro data, the model description includes heterogeneity in both the scale...
Persistent link: https://www.econbiz.de/10011968062
Most studies of heterogeneous labor inputs use classifications of high skilled and low skilled based on workers' educational attainment. In this study we explore a wage-based skill measure using information from a wage equation. Evidence from matched employer--employee data show that skill is...
Persistent link: https://www.econbiz.de/10011968301
General Method of Moments (GMM) estimation of a linear one-equation model using panel data with errors-in-variables is considered. To eliminate fixed individual heterogeneity, the equation is differenced across one or more than one periods and estimated by means of instrumental variables. With...
Persistent link: https://www.econbiz.de/10011967962
This paper discusses identification, estimation and testing in panel data models with attrition. We focus on a situation which often occurs in the analysis of firms: Attrition (exit) is endogenous and depends on the outcomes of an observed stochastic process and the interest-parameters...
Persistent link: https://www.econbiz.de/10011968100