메뉴 건너뛰기




Volumn 26, Issue 1, 2012, Pages 98-128

Total factor productivity estimation: A practical review

Author keywords

Imperfect competition; Multi product firms; Selection bias; Semi parametric estimation; Simultaneity bias; Total factor productivity

Indexed keywords

COMPARATIVE STUDY; COMPETITION (ECONOMICS); ESTIMATION METHOD; FOOD INDUSTRY; PARAMETERIZATION; TOTAL FACTOR PRODUCTIVITY;

EID: 84855363588     PISSN: 09500804     EISSN: 14676419     Source Type: Journal    
DOI: 10.1111/j.1467-6419.2010.00631.x     Document Type: Review
Times cited : (448)

References (60)
  • 1
    • 84855411623 scopus 로고    scopus 로고
    • Structural identification of production functions. Unpublished manuscript
    • Ackerberg, D.A., Caves, K. and Frazer, G. (2006) Structural identification of production functions. Unpublished manuscript.
    • (2006)
    • Ackerberg, D.A.1    Caves, K.2    Frazer, G.3
  • 2
    • 66049100200 scopus 로고    scopus 로고
    • Econometric tools for analyzing market outcomes
    • J. Heckman and E. Leamer (eds), Amsterdam: North-Holland
    • Ackerberg, D., Benkard, C.L., Berry, S. and Pakes, A. (2007) Econometric tools for analyzing market outcomesJ. Heckman and E. Leamer (eds), Handbook of Econometrics (Vol. 6(1), pp. 4171-4276). Amsterdam: North-Holland.
    • (2007) Handbook of Econometrics , vol.6 , Issue.1 , pp. 4171-4276
    • Ackerberg, D.1    Benkard, C.L.2    Berry, S.3    Pakes, A.4
  • 3
    • 38049123126 scopus 로고    scopus 로고
    • Trade liberalization, intermediate inputs, and productivity: evidence from Indonesia
    • Amiti, M. and Konings, J. (2007) Trade liberalization, intermediate inputs, and productivity: evidence from Indonesia. American Economic Review 97: 1611-1638.
    • (2007) American Economic Review , vol.97 , pp. 1611-1638
    • Amiti, M.1    Konings, J.2
  • 4
    • 84855401894 scopus 로고    scopus 로고
    • Productivity estimation at the plant level: a practical guide. Unpublished manuscript
    • Arnold, J.M. (2005) Productivity estimation at the plant level: a practical guide. Unpublished manuscript.
    • (2005)
    • Arnold, J.M.1
  • 5
    • 0001655529 scopus 로고    scopus 로고
    • Understanding productivity: lessons from longitudinal microdata
    • Bartelsman, E.J. and Doms, M. (2000) Understanding productivity: lessons from longitudinal microdata. Journal of Economic Literature 38: 569-594.
    • (2000) Journal of Economic Literature , vol.38 , pp. 569-594
    • Bartelsman, E.J.1    Doms, M.2
  • 9
    • 84855393123 scopus 로고    scopus 로고
    • GMM estimation with persistent panel data: an application to production functions. IFS Working Paper W99/4
    • Blundell, R. and Bond, S. (1999) GMM estimation with persistent panel data: an application to production functions. IFS Working Paper W99/4.
    • (1999)
    • Blundell, R.1    Bond, S.2
  • 10
    • 84855401895 scopus 로고    scopus 로고
    • Adjustment costs and the identification of Cobb-Douglas production functions. Institute for Fiscal Studies Working Paper Series W05/04
    • Bond, S. and Söderbom, M. (2005) Adjustment costs and the identification of Cobb-Douglas production functions. Institute for Fiscal Studies Working Paper Series W05/04.
    • (2005)
    • Bond, S.1    Söderbom, M.2
  • 11
    • 84881761707 scopus 로고    scopus 로고
    • BvDEP DVD-rom. Bureau van Dijk Electronic Publishing
    • BvDEP (2006) Belfirst Database. DVD-rom. Bureau van Dijk Electronic Publishing.
    • (2006) Belfirst Database
  • 12
    • 84855401893 scopus 로고    scopus 로고
    • Product differentiation, multi-product firms and estimating the impact of trade liberalization on productivity. National Bureau of Economic Research Working Paper Series 13155
    • De Loecker, J. (2007) Product differentiation, multi-product firms and estimating the impact of trade liberalization on productivity. National Bureau of Economic Research Working Paper Series 13155.
    • (2007)
    • De Loecker, J.1
  • 13
    • 33646259234 scopus 로고    scopus 로고
    • Job reallocation and productivity growth in a post-socialist economy: evidence from Slovenian manufacturing
    • De Loecker, J. and Konings, J. (2006) Job reallocation and productivity growth in a post-socialist economy: evidence from Slovenian manufacturing. European Journal of Political Economy 22: 388-408.
    • (2006) European Journal of Political Economy , vol.22 , pp. 388-408
    • De Loecker, J.1    Konings, J.2
  • 14
    • 84855393124 scopus 로고    scopus 로고
    • R&D and productivity: estimating production function when productivity is endogenous. Unpublished manuscript
    • Doraszelski, U. and Jaumandreu, J. (2007) R&D and productivity: estimating production function when productivity is endogenous. Unpublished manuscript.
    • (2007)
    • Doraszelski, U.1    Jaumandreu, J.2
  • 15
    • 84855401897 scopus 로고
    • Costs, demand and imperfect competition as determinants of plant level output prices. CES Discussion Paper 92-5
    • Dunne, T. and Roberts, M.J. (1992) Costs, demand and imperfect competition as determinants of plant level output prices. CES Discussion Paper 92-5.
    • (1992)
    • Dunne, T.1    Roberts, M.J.2
  • 16
    • 0000860267 scopus 로고
    • Patterns of firm entry and exit in US manufacturing industries
    • Dunne, T., Roberts, M.J. and Samuelson, L. (1988) Patterns of firm entry and exit in US manufacturing industries. Rand Journal of Economics 19: 495-515.
    • (1988) Rand Journal of Economics , vol.19 , pp. 495-515
    • Dunne, T.1    Roberts, M.J.2    Samuelson, L.3
  • 17
    • 84959843820 scopus 로고
    • Markov-perfect industry dynamics: a framework for empirical work
    • Ericson, R. and Pakes, A. (1995) Markov-perfect industry dynamics: a framework for empirical work. Review of Economic Studies 62: 53-82.
    • (1995) Review of Economic Studies , vol.62 , pp. 53-82
    • Ericson, R.1    Pakes, A.2
  • 18
    • 5144228397 scopus 로고    scopus 로고
    • The effects of structural reforms on productivity and profitability enhancing reallocation: evidence from Colombia
    • Eslava, M., Haltiwanger, J., Kugler, A. and Kugler, M. (2004) The effects of structural reforms on productivity and profitability enhancing reallocation: evidence from Colombia. Journal of Development Economics 75: 333-371.
    • (2004) Journal of Development Economics , vol.75 , pp. 333-371
    • Eslava, M.1    Haltiwanger, J.2    Kugler, A.3    Kugler, M.4
  • 21
    • 33750896817 scopus 로고    scopus 로고
    • Market selection, reallocation, and restructuring in the US retail trade sector in the 1990s
    • Foster, L., Haltiwanger, J. and Krizan, C.J. (2006) Market selection, reallocation, and restructuring in the US retail trade sector in the 1990s. Review of Economics and Statistics 88: 748-758.
    • (2006) Review of Economics and Statistics , vol.88 , pp. 748-758
    • Foster, L.1    Haltiwanger, J.2    Krizan, C.J.3
  • 22
    • 41849119157 scopus 로고    scopus 로고
    • Reallocation, firm turnover, and efficiency: selection on productivity or profitability
    • Foster, L., Haltiwanger, J. and Syverson, C. (2008) Reallocation, firm turnover, and efficiency: selection on productivity or profitability American Economic Review 98: 394-425.
    • (2008) American Economic Review , vol.98 , pp. 394-425
    • Foster, L.1    Haltiwanger, J.2    Syverson, C.3
  • 23
    • 84855401901 scopus 로고    scopus 로고
    • Multi-product firms and product turnover in the developing world: evidence from India. National Bureau of Economic Research Working Paper Series 14127
    • Goldberg, P.K., Khandelwal, A., Pavcnik, N. and Topalova, P. (2008) Multi-product firms and product turnover in the developing world: evidence from India. National Bureau of Economic Research Working Paper Series 14127.
    • (2008)
    • Goldberg, P.K.1    Khandelwal, A.2    Pavcnik, N.3    Topalova, P.4
  • 24
    • 84855411614 scopus 로고    scopus 로고
    • Using firm optimization to evaluate and estimate returns to scale. National Bureau of Economic Research Working Paper Series 13666
    • Gorodnichenko, Y. (2007) Using firm optimization to evaluate and estimate returns to scale. National Bureau of Economic Research Working Paper Series 13666.
    • (2007)
    • Gorodnichenko, Y.1
  • 25
    • 0004296209 scopus 로고    scopus 로고
    • 6th edn). Upper Saddle River, NJ: Prentice Hall
    • Greene, W.H. (2008) Econometric Analysis (6th edn). Upper Saddle River, NJ: Prentice Hall.
    • (2008) Econometric Analysis
    • Greene, W.H.1
  • 26
    • 84855393127 scopus 로고
    • Production functions: the search for identification. National Bureau of Economic Research Working Paper Series 5067
    • Griliches, Z. and Mairesse, J. (1995) Production functions: the search for identification. National Bureau of Economic Research Working Paper Series 5067.
    • (1995)
    • Griliches, Z.1    Mairesse, J.2
  • 27
    • 0002980999 scopus 로고
    • Estimation of production function parameters combining time series and cross-section data
    • Hoch, I. (1962) Estimation of production function parameters combining time series and cross-section data. Econometrica 30: 34-53.
    • (1962) Econometrica , vol.30 , pp. 34-53
    • Hoch, I.1
  • 28
    • 0001600291 scopus 로고
    • Entry, exit and firm dynamics in long run equilibrium
    • Hopenhayn, H.A. (1992) Entry, exit and firm dynamics in long run equilibrium. Econometrica 60: 1127-1150.
    • (1992) Econometrica , vol.60 , pp. 1127-1150
    • Hopenhayn, H.A.1
  • 29
    • 84855366015 scopus 로고    scopus 로고
    • Misallocation and manufacturing TFP in China and India. National Bureau of Economic Research Working Paper Series 13290
    • Hsieh, C.-T. and Klenow, P.J. (2007) Misallocation and manufacturing TFP in China and India. National Bureau of Economic Research Working Paper Series 13290.
    • (2007)
    • Hsieh, C.-T.1    Klenow, P.J.2
  • 30
    • 84855401902 scopus 로고    scopus 로고
    • Shipping good tequila out: investment, domestic unit values and entry of multi-product plants into export markets. Unpublished manuscript
    • Iacovone, L. and Javorcik, B.S. (2008) Shipping good tequila out: investment, domestic unit values and entry of multi-product plants into export markets. Unpublished manuscript.
    • (2008)
    • Iacovone, L.1    Javorcik, B.S.2
  • 31
    • 84855411617 scopus 로고    scopus 로고
    • Using price and demand information to identify production functions. MPRA Discussion Paper 1247
    • Jaumandreu, J. and Mairesse, J. (2004) Using price and demand information to identify production functions. MPRA Discussion Paper 1247.
    • (2004)
    • Jaumandreu, J.1    Mairesse, J.2
  • 32
    • 4043067192 scopus 로고    scopus 로고
    • Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages
    • Javorcik, B.S. (2004) Does foreign direct investment increase the productivity of domestic firms? In search of spillovers through backward linkages. American Economic Review 94: 605-627.
    • (2004) American Economic Review , vol.94 , pp. 605-627
    • Javorcik, B.S.1
  • 33
    • 0002485234 scopus 로고
    • Selection and the evolution of industry
    • Jovanovic, B. (1982) Selection and the evolution of industry. Econometrica 50: 649-670.
    • (1982) Econometrica , vol.50 , pp. 649-670
    • Jovanovic, B.1
  • 35
    • 21344449319 scopus 로고    scopus 로고
    • The inconsistency of common scale estimators when output prices are unobserved and endogenous
    • Klette, T.J. and Griliches, Z. (1996) The inconsistency of common scale estimators when output prices are unobserved and endogenous. Journal of Applied Econometrics 11: 343-361.
    • (1996) Journal of Applied Econometrics , vol.11 , pp. 343-361
    • Klette, T.J.1    Griliches, Z.2
  • 37
    • 84855366017 scopus 로고    scopus 로고
    • The impact of training on productivity and wages: firm-level evidence. LICOS Discussion Paper Series 244/2009
    • Konings, J. and Vanormelingen, S. (2009) The impact of training on productivity and wages: firm-level evidence. LICOS Discussion Paper Series 244/2009.
    • (2009)
    • Konings, J.1    Vanormelingen, S.2
  • 38
    • 0037984164 scopus 로고    scopus 로고
    • Estimating production functions using inputs to control for unobservables
    • Levinsohn, J. and Petrin, A. (2003) Estimating production functions using inputs to control for unobservables. Review of Economic Studies 70: 317-341.
    • (2003) Review of Economic Studies , vol.70 , pp. 317-341
    • Levinsohn, J.1    Petrin, A.2
  • 39
    • 0006407254 scopus 로고    scopus 로고
    • WinBUGs - a Bayesian modelling framework: concepts, structure and extensibility
    • Lunn, D.J., Thomas, A., Best, N. and Spiegelhalter, D. (2000) WinBUGs - a Bayesian modelling framework: concepts, structure and extensibility. Statistics and Computing 10: 325-337.
    • (2000) Statistics and Computing , vol.10 , pp. 325-337
    • Lunn, D.J.1    Thomas, A.2    Best, N.3    Spiegelhalter, D.4
  • 40
    • 29444442782 scopus 로고    scopus 로고
    • Panel-data estimates of the production function and the revenue function: what difference does it make
    • Mairesse, J. and Jaumandreu, J. (2005) Panel-data estimates of the production function and the revenue function: what difference does it make Scandinavian Journal of Economics 107: 651-672.
    • (2005) Scandinavian Journal of Economics , vol.107 , pp. 651-672
    • Mairesse, J.1    Jaumandreu, J.2
  • 41
    • 0000827094 scopus 로고
    • Random simultaneous equations and the theory of production
    • Marschak, J., Andrews, J. and William H. (1944) Random simultaneous equations and the theory of production. Econometrica 12: 143-205.
    • (1944) Econometrica , vol.12 , pp. 143-205
    • Marschak, J.1    Andrews, J.2    William, H.3
  • 44
    • 84960614604 scopus 로고
    • Empirical production function free of management bias
    • Mundlak, Y. (1961) Empirical production function free of management bias. Journal of Farm Economics 43: 44-56.
    • (1961) Journal of Farm Economics , vol.43 , pp. 44-56
    • Mundlak, Y.1
  • 45
    • 84855366018 scopus 로고    scopus 로고
    • GMM estimation in mata. Unpublished manuscript
    • Nichols, A. (2008) GMM estimation in mata. Unpublished manuscript.
    • (2008)
    • Nichols, A.1
  • 46
    • 0000348264 scopus 로고    scopus 로고
    • The dynamics of productivity in the telecommunications equipment industry
    • Olley, S.G. and Pakes, A. (1996) The dynamics of productivity in the telecommunications equipment industry. Econometrica 64: 1263-1297.
    • (1996) Econometrica , vol.64 , pp. 1263-1297
    • Olley, S.G.1    Pakes, A.2
  • 47
    • 33750503588 scopus 로고    scopus 로고
    • Assessing the effects of measurement errors on the estimation of production functions
    • Ornaghi, C. (2006) Assessing the effects of measurement errors on the estimation of production functions. Journal of Applied Econometrics 21: 879-891.
    • (2006) Journal of Applied Econometrics , vol.21 , pp. 879-891
    • Ornaghi, C.1
  • 48
    • 0036183125 scopus 로고    scopus 로고
    • Trade liberalization, exit, and productivity improvements: evidence from Chilean plants
    • Pavcnik, N. (2002) Trade liberalization, exit, and productivity improvements: evidence from Chilean plants. Review of Economic Studies 69: 245-276.
    • (2002) Review of Economic Studies , vol.69 , pp. 245-276
    • Pavcnik, N.1
  • 49
    • 85129728092 scopus 로고    scopus 로고
    • Production function estimation in Stata using inputs to control for unobservables
    • Petrin, A., Levinsohn, J. and Poi, B.P. (2003) Production function estimation in Stata using inputs to control for unobservables. Stata Journal 4: 113-123.
    • (2003) Stata Journal , vol.4 , pp. 113-123
    • Petrin, A.1    Levinsohn, J.2    Poi, B.P.3
  • 50
    • 0032278714 scopus 로고    scopus 로고
    • The missing link: technology, investment and productivity
    • Power, L. (1998) The missing link: technology, investment and productivity. Review of Economics and Statistics 80(2): 300-313.
    • (1998) Review of Economics and Statistics , vol.80 , Issue.2 , pp. 300-313
    • Power, L.1
  • 51
    • 84855411620 scopus 로고    scopus 로고
    • How to do xtabond2: an introduction to difference and system GMM in stata. Center for Global Development Discussion Paper 103
    • Roodman, D. (2006) How to do xtabond2: an introduction to difference and system GMM in stata. Center for Global Development Discussion Paper 103.
    • (2006)
    • Roodman, D.1
  • 52
    • 0000500639 scopus 로고
    • Technical change and the aggregate production function
    • Solow, R.M. (1957) Technical change and the aggregate production function. Review of Economics and Statistics 39: 312-320.
    • (1957) Review of Economics and Statistics , vol.39 , pp. 312-320
    • Solow, R.M.1
  • 53
    • 84855411621 scopus 로고    scopus 로고
    • The Economist Belgium sinks in deeper. 10 June
    • The Economist (1999) Belgium sinks in deeper. 10 June.
    • (1999)
  • 54
    • 34248530861 scopus 로고    scopus 로고
    • Bayesian analysis in Stata using winBUGs
    • Thompson, J., Palmer, J. and Moreno, S. (2006) Bayesian analysis in Stata using winBUGs. Stata Journal 6: 530-549.
    • (2006) Stata Journal , vol.6 , pp. 530-549
    • Thompson, J.1    Palmer, J.2    Moreno, S.3
  • 55
    • 35349024738 scopus 로고    scopus 로고
    • Footloose multinationals in Belgium
    • Van Beveren, I. (2007a) Footloose multinationals in Belgium Review of World Economics 143: 483-507.
    • (2007) Review of World Economics , vol.143 , pp. 483-507
    • Van Beveren, I.1
  • 56
    • 84855366016 scopus 로고    scopus 로고
    • Total factor productivity estimation: a practical review. LICOS Discussion Paper Series 182/2007
    • Van Beveren, I. (2007b) Total factor productivity estimation: a practical review. LICOS Discussion Paper Series 182/2007.
    • (2007)
    • Van Beveren, I.1
  • 59
    • 67649639659 scopus 로고    scopus 로고
    • On estimating firm-level production functions using proxy variables to control for unobservables
    • Wooldridge, J.M. (2009) On estimating firm-level production functions using proxy variables to control for unobservables. Economics Letters 104(3): 112-114.
    • (2009) Economics Letters , vol.104 , Issue.3 , pp. 112-114
    • Wooldridge, J.M.1
  • 60
    • 48249115187 scopus 로고    scopus 로고
    • Production function estimation in Stata using the Olley and Pakes method
    • Yasar, M., Raciborski, R. and Poi, B.P. (2008) Production function estimation in Stata using the Olley and Pakes method. Stata Journal 8: 221-231.
    • (2008) Stata Journal , vol.8 , pp. 221-231
    • Yasar, M.1    Raciborski, R.2    Poi, B.P.3


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.