IDENTIFICATION AND THE INFLUENCE FUNCTION OF OLLEY AND PAKES’ (1996) PRODUCTION FUNCTION ESTIMATOR
重新审视了Olley和Pakes(1996)生产函数估计的识别条件,发现指数限制在识别中起关键作用,尤其在资本存量用永续盘存法衡量时,并推导了估计量的影响函数和渐近方差。
In this paper, we reconsider the assumptions that ensure the identification of the production function in Olley and Pakes (1996, Econometrica 64, 1263–1297). We show that an index restriction plays a crucial role in the identification, especially if the capital stock is measured by the perpetual inventory method. The index restriction is not sufficient for identification under sample selectivity. The index restriction makes it possible to derive the influence function and the asymptotic variance of the Olley–Pakes estimator.