摘要翻译:
本文给出了柯布-道格拉斯生产函数中异质弹性的识别。辨识是构造性的,对于每个企业的每个输入,弹性的闭式公式。我们提出,在两个柔性投入的弹性“非共线异质性”下,柔性投入成本比起着控制函数的作用。事前柔性投入成本份额可以用来确定每个企业在柔性投入方面的弹性。在考虑功能独立性的时间假设下,可以确定每个企业的劳动和资本弹性。
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英文标题:
《Constructive Identification of Heterogeneous Elasticities in the
Cobb-Douglas Production Function》
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作者:
Tong Li and Yuya Sasaki
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最新提交年份:
2017
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分类信息:
一级分类:Economics 经济学
二级分类:Econometrics 计量经济学
分类描述:Econometric Theory, Micro-Econometrics, Macro-Econometrics, Empirical Content of Economic Relations discovered via New Methods, Methodological Aspects of the Application of Statistical Inference to Economic Data.
计量经济学理论,微观计量经济学,宏观计量经济学,通过新方法发现的经济关系的实证内容,统计推论应用于经济数据的方法论方面。
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英文摘要:
This paper presents the identification of heterogeneous elasticities in the Cobb-Douglas production function. The identification is constructive with closed-form formulas for the elasticity with respect to each input for each firm. We propose that the flexible input cost ratio plays the role of a control function under "non-collinear heterogeneity" between elasticities with respect to two flexible inputs. The ex ante flexible input cost share can be used to identify the elasticities with respect to flexible inputs for each firm. The elasticities with respect to labor and capital can be subsequently identified for each firm under the timing assumption admitting the functional independence.
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PDF链接:
https://arxiv.org/pdf/1711.10031