Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/192218 
Erscheinungsjahr: 
1998
Schriftenreihe/Nr.: 
Discussion Papers No. 235
Verlag: 
Statistics Norway, Research Department, Oslo
Zusammenfassung: 
A framework for analyzing substitution and scale properties, and technical change from plant-level panel data is presented. Focus is on comparing the constant and random coefficient specification of the substitution and scale parameters and investigating the potential variation of the parameters across firms. Characteristics of the model framework are (i) an equation system consisting of a three-factor translog cost function and the corresponding cost-share equations, (ii) random firm specific heterogeneity in coefficients, and (iii) a Maximum Likelihood procedure allowing for unbalanced panel data. The empirical results, based on data from Norwegian chemical plants, indicate substantial firm specific heterogeneity in substitution and scale properties.
Schlagwörter: 
Panel Data. Random Coefficients. Unbalanced Data. Heterogeneity. Production technology
JEL: 
C33
D21
D24
L65
Dokumentart: 
Working Paper

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