Testing the Validity of Aggregates
提出一种新方法,检验生产函数和成本函数模型中的聚合限制,通过可检验的充要条件判断特定聚合方案是否有效,并用简单生产函数模型检验该方法的效力。
Abstract This article develops a new approach for testing aggregation restrictions in estimated production-function and cost-function models. Rather than using the well-known separability conditions for the existence of an aggregate, this approach focuses on testing whether a particular aggregate is valid and develops empirically testable necessary and sufficient conditions for the validity of some known aggregation scheme. An empirical section examines the power of this test in the context of a simple production-function model. KEY WORDS: AggregationMonte CarloSeparability