Price deflators and the estimation of the production function
The use of industry indices to deflate nominal revenues and expenditure in intermediary inputs has been found to lead to lower scale estimates of production function. This paper proposes a new approach to solve the estimation biases due to the use of industry deflators which relies on the use of the...
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| Format: | Article |
| Language: | English |
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2008-04.
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| Online Access: | Get fulltext |