Cermeño, Rodolfo; Maddala, G. S.; Trueblood, Michael A. - In: Econometric Reviews 22 (2003) 3, pp. 289-306
In this paper, we propose a dynamic error-components model to represent the unobserved level of technology. This specification implies a well-defined common factor dynamic model for per capita output that can be tested explicitly. The model is applied to data on aggregates of agricultural inputs...