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Econométrie de la production sur données de panel et dispersion des prix de production : Quels biais d'estimation ?

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  • Jacques Mairesse

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  • Rozenn Desplats

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Abstract

The lack of individual information on output prices is a major problem of the econometrics of production, which in particular could account for a significant part of the large discrepancies found in panel data studies between the cross-sectional and time series estimates of capital and scale elasticities. In this work, we have been able to obtain such information on firm output prices, as well as information on firm rates of capacity utilization, for a panel of about 450French manufacturing firms over four years. Whether we rely on the usual panel data estimation methods or use generalized methods of moments (GMM), our expectations are not confirmed, and the various estimations remain practically unaffected by taking into account or not the dispersion of changes in output prices and in capacity utilization. It is likely that the biases arising from other sources of specification errors are more important.
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Suggested Citation

  • Jacques Mairesse & Rozenn Desplats, 2003. "Econométrie de la production sur données de panel et dispersion des prix de production : Quels biais d'estimation ?," Working Papers 2003-48, Center for Research in Economics and Statistics.
    • Handle: RePEc:crs:wpaper:2003-48
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    References listed on IDEAS

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    1. Arellano, Manuel & Bover, Olympia, 1995. "Another look at the instrumental variable estimation of error-components models," Journal of Econometrics, Elsevier, vol. 68(1), pages 29-51, July.
    2. E. H. Phelps Brown, 1957. "The Meaning of the Fitted Cobb-Douglas Function," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 71(4), pages 546-560.
    3. Klette, Tor Jakob & Griliches, Zvi, 1996. "The Inconsistency of Common Scale Estimators When Output Prices Are Unobserved and Endogenous," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(4), pages 343-361, July-Aug..
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    Cited by:

    1. Jacques Mairesse & Benoît Mulkay, 2004. "Une evaluation du credit d’impot recherche en France, 1980-1997," Working Papers 2004-43, Center for Research in Economics and Statistics.

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