Aggregate Production Functions and Productivity Measurement: A New Look.
Many economists currently take a somewhat jaundiced view of the estimation of aggregate production functions. Three problems seem particularly troublesome; the unobservables problem, especially with regard to utilization, the aggregation problem and the simultaneous equation problems. This paper pre...
Main Author: | Muellbauer, J |
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Format: | Working paper |
Language: | English |
Published: |
CEPR
1984
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