Production Functions with Panel Data
Andreas Behr
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Andreas Behr: University of Duisburg-Essen, Faculty of Business Administration and Economics
Chapter 4 in Production and Efficiency Analysis with R, 2015, pp 83-111 from Springer
Abstract:
Abstract In this chapter, we discuss the estimation of production functions using panel data. Panel data sets include data for producing units which have been observed for several periods. Information about differences of production relations between units and of differences between time periods allows to drop some restrictive assumptions on parameter homogeneity which have to be employed in the cases of cross sectional or time series data. We discuss the pooled, the between, the within, and the random effects estimator for static models and hint for some problems when instrumenting in dynamic panel data models. The generation of data according to the different models and their estimation are demonstrated.
Keywords: Production Function; Ordinary Little Square; Panel Data; Error Component; Slope Parameter (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-319-20502-1_4
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DOI: 10.1007/978-3-319-20502-1_4
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