Heyer, Eric; Pelgrin, Florian; Sylvain, Arnaud - Bank of Canada - 2004
Using French data on industrial firms over the period 1989-2001, the authors estimate a "flexible" Translog production … Bond (2000), assuming that serially correlated shocks allow a dynamic representation of the production function, and they … consideration in the production function. Otherwise, the Translog specification is preferred to the Cobb-Douglas production function. …