Chapter

Dynamic Factor Demand Models and Productivity Analysis

Edited by M. Ishaq Nadiri and Ingmar R. Prucha

in New Developments in Productivity Analysis

Published by University of Chicago Press

Published in print August 2001 | ISBN: 9780226360621
Published online February 2013 | e-ISBN: 9780226360645 | DOI: http://dx.doi.org/10.7208/chicago/9780226360645.003.0004
Dynamic Factor Demand Models and Productivity Analysis

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This chapter reviews developments in the econometric analysis of production, focusing on dynamic interrelated factor demand models. It examines models based on restrictive simplifying assumptions and simple econometric specifications. It provides a Monte Carlo study showing the magnitude of the errors that may arise from using simpler econometric specifications when the structure of production exhibits great complexity. A commentary along with a reply to the commentary are included at the end of the chapter.

Keywords: econometric analysis; productivity measurement; factor demand models; production

Chapter.  32426 words. 

Subjects: Econometrics and Mathematical Economics

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