Description Usage Arguments Details Examples
This function aims the estimation of production functions using Olley-Pakes (1996).
1 2 3 4 5 6 7 8 9 10 11 12 13 |
data |
A data.frame or tibble containing the variables of the model. |
formula |
An object of the class |
exit |
An optional formula with the name of the variabe indicator of firm's last period. |
id |
A character with the name of the indicator variable. |
time |
A character with the name of the time variable. |
bootstrap |
An optional logical. If TRUE calculate bootstrap standard errors. |
reps |
The number of bootstrap replications. |
degree |
A vector with the number of the polynomial interactions in each stage of the routine. |
verify |
Verify if inputs are sorted. |
maxiter |
Parameter of |
... |
Additional arguments. |
Multipart formula must be specified in the following order: y ~ free | capital | proxy | controls
. Additional controls are optional.
It is possible to use more than one variable, although the use of more than one capital may not be theoretically identified.
The function returns an object of the estprod or boot classes (if bootstrap
is TRUE).
1 2 3 | data(estprod_data)
olley_pakes(data = estprod_data, var1 ~ var2 | var3 | var4,
exit = ~exit, id = "id", time = "year", bootstrap = TRUE)
|
Olley-Pakes Production Function Estimator
Call
olley_pakes(data = estprod_data, formula = var1 ~ var2 | var3 |
var4, exit = ~exit, id = "id", time = "year", bootstrap = TRUE)
Coefficients
Estimate Std. Error z value Pr(>|z|)
var2 0.0145741 0.0098786 1.4753 0.1401
var3 0.0619277 0.0060984 10.1547 <2e-16 ***
---
Signif. codes: 0 '***' 0.001 '**' 0.01 '*' 0.05 '.' 0.1 ' ' 1
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