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GMM Estimation with persistent panel data: an application to production functions

✍ Scribed by Blundell, Richard; Bond, Stephen


Book ID
118250099
Publisher
Taylor and Francis Group
Year
2000
Tongue
English
Weight
675 KB
Volume
19
Category
Article
ISSN
0747-4938

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Frontier production functions are important for the prediction of technical efficiencies of individual firms in an industry. A stochastic frontier production function model for panel data is presented, for which the firm effects are an exponential function of time. The best predictor for the technic