Ichimura, Hidehiko; Konishi, Yoko; Nishiyama, Yoshihiko - 2011
-specific productivity shocks and entry/exit decisions. Several methods have been proposed to handle these problems, such as those by Olley …-specific productivity influences labor input as well as capital input. We adopt the lagged variables of inputs as their instruments instead … into firm-specific productivity and other exogenous shocks. We also aggregated the productivity shocks to industry …