Papers Containing Keywords(s): 'estimating'
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Viewing papers 171 through 173 of 173
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Working PaperModelling Technical Progress And Total Factor Productivity: A Plant Level Example
October 1988
Working Paper Number:
CES-88-04
Shifts in the production frontier occur because of changes in technology. A model of how a firm learns to use the new technology, or how it adapts from the first production frontier to the second, is suggested. Two different adaptation paths are embodied in a translog cost function and its attendant cost share equations. The paths are the traditional linear time trend and a learning curve. The model is estimated using establishment level data from a non-regulated industry that underwent a technological shift in the time period covered by the data. The learning curve resulted in more plausible estimates of technical progress and total factor productivity growth patterns. A significant finding is that, at the establishment level, all inputs appear to be substitutes.View Full Paper PDF
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Working PaperPublic Use Microdata: Disclosure And Usefulness
September 1988
Working Paper Number:
CES-88-03
Official statistical agencies such as the Census Bureau and the Bureau of Labor Statistics collect enormous quantities of microdata in statistical surveys. These data are valuable for economic research and market and policy analysis. However, the data cannot be released to the public because of confidentiality commitments to individual respondents. These commitments, coupled with the strong research demand for microdata, have led the agencies to consider various proposals for releasing public use microdata. Most proposals for public use microdata call for the development of surrogate data that disguise the original data. Thus, they involve the addition of measurement errors to the data. In this paper, we examine disclosure issues and explore alternative masking methods for generating panels of useful economic microdata that can be released to researchers. While our analysis applies to all confidential microdata, applications using the Census Bureau's Longitudinal Research Data Base (LRD) are used for illustrative purposes throughout the discussion.View Full Paper PDF
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Working PaperLong-Run Expectations And Capacity
April 1988
Working Paper Number:
CES-88-01
In this paper, we argue at a general level, that recent economic models of capacity and of its utilization are deficient because they do not adequately take into account firms' long-run expectations about conditions which are pertinent to their investment decisions, i.e., their decisions about altering productive capacity. We argue that the problem with these models is that they rely on the two conventional definitions of capacity which ignore these long-run expectations. Accordingly, we propose a third definition of capacity which incorporates these expectations and, thereby, corrects the problem. Furthermore, we argue that a correct, empirical analysis with the proposed definition -- indeed, any credible analysis of capacity or its utilization -- must take into account the demand for the output produced by the firms being studied. Finally, we apply the definition to clarify the meaning of surveys of capacity and, thus, show how it can be used to improve future surveys of capacity.View Full Paper PDF
