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Production functions: The search for identification. (English) Zbl 0972.91063
Strøom, Steinar (ed.), Econometrics and economic theory in the 20th century. The Ragnar Frisch centennial symposium. Papers from the symposium held in Oslo, Norway, March 3-5, 1995. Cambridge: Cambridge University Press. Econ. Soc. Monogr. 31, 169-203 (1998).
This paper is devoted to the production functions. During empirical implementation of econometric production functions we run into a number of difficult conceptual and data problems. For example: Is the proposed estimation procedure appropriate? Can we take all or most of the input variables as “independent”? The author looks at this question from a somewhat idiosyncratic historical perspective, tracing out the changing ideas and justifications offered in defense of the various suggested econometric procedures as they evolved alongside advances in data availability and computing ability.
For the entire collection see [Zbl 0944.00092].

MSC:
91B38 Production theory, theory of the firm
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