Comment on “Olley and Pakes‐style Production Function Estimators with Firm Fixed Effects”
Comment on “Olley and Pakes‐style Production Function Estimators with Firm Fixed Effects”
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Oxford: Wiley Subscription Services, Inc
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English
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Oxford: Wiley Subscription Services, Inc
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In this comment I illustrate that in the model of (Lee et al. (2019). Oxford Bulletin of Economics and Statistics. Vol. 81, pp. 80–97), firm profit maximizing implies that Assumption 2 and Equation 14 may be contradictory. More specifically, there is generally a contradiction when investment is used as the control variable, but there is generally n...
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Comment on “Olley and Pakes‐style Production Function Estimators with Firm Fixed Effects”
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TN_cdi_proquest_journals_2524204832
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2524204832
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0305-9049
E-ISSN
1468-0084
DOI
10.1111/obes.12406
