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Production Function Estimation

2 papers tracked 0 forthcoming 1 classics

10 concepts covered in this topic

Aggregation-corrected estimates Bond et al. (2021) knife-edge Gross-output versus value-added returns to scale (γ vs. γ^V) level vs. dispersion distinction production-approach markup estimator Reallocation term (R, R^V, I) Returns to scale (γ) and the markup identity revenue elasticity The three puzzles within-sector cross-sectional rank

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Published Classic Journal of Political Economy Published Apr 1997

Returns to Scale in U.S. Production: Estimates and Implications

Susanto Basu · John G. Fernald

This 1997 *Journal of Political Economy* paper (circulated as Federal Reserve International Finance Discussion Paper 546, March 1995) asks how large deviations from constant returns to scale and …

Production Function Estimation Markups Tfp Productivity Free Read ↗

Published Econometrica Online 1 Jan 2026 Published Jan 2026

The Hitchhiker's Guide to Markup Estimation: Assessing Estimates From Financial Data

Maarten De Ridder · Basile Grassi · Giovanni Morzenti

Using matched data combining physical production records (EAP survey) and financial statements (FARE) for 147,403 firm-years across 18 two-digit manufacturing industries in France (2009–2019), the …

Markups Production Function Estimation Firm Heterogeneity Free Read ↗