生产率与效率分析lecture7--参数方法.pptVIP

Productivity Analysis Principles For simplicity, assume away joint (multi-output) production. Theoretical model of production in terms of the (single-output) production function y = f(x). Purpose is to estimate f from the data (Y,X). Elements: 1) Specification of empirical model (function form of the production function). 2) Specification of data-generating process (DGP) (error distribution, inefficiencies). 3) Estimation (calibration of model parameters to best fit the data). 1) Specification of production function Select a certain family of functions flexible enough to approximate the tr