This paper addresses several shortcomings in the productivity and markup estimation literature. Using Monte-Carlo simulations, the analysis shows that the methods in Ackerberg, Caves and Frazer (2015) and De Loecker and Warzynski (2012) produce biased estimates of the impact of policy variables on markups and productivity. This bias stems from endogeneity due to the following: (1) the functional form of the production function; (2) the omission of...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2021/01/21
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Рабочий документ в рамках исследования вопросов политики
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WPS9523
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1
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1
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2021/01/21
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Disclosed
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Identification Properties for Estimating the Impact of Regulation on Markups and Productivity
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production function
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Официальная версия документа (может содержать подписи, и т.д.)