Table 24.1:
Input elasticities and inverse input elasticities.
Standard OLS, Between Period, and Within Firm estimates
Q = output, M = materials, K = capital
Cols. 1-3: Equation in levels.
Cols. 4-6: Equation in differences, with intercept.
Cols.7-8: Equation in differences, without intercept
Textiles: N = 215, T =8
|
y, x |
b βOLS |
b |
b |
b βOLSDC |
b βBPDC |
b βWFDC |
β ∆7 |
b βOLSD |
|
lnM, lnQ |
1.1450 |
1.0028 |
1.1033 |
1.1683 |
1.0935 |
1.1750 |
1.0204 |
1.1608 |
|
lnQ, lnM |
0.7889 |
0.9859 |
0.7005 |
0.5786 |
0.8742 |
0.5696 |
0.9800 |
0.5894 |
|
ln K, ln Q |
0.9899 |
1.0351 |
0.6081 |
0.1621 |
-0.0170 |
0.1099 |
1.5176 |
0.2313 |
|
lnQ, lnK |
0.6751 |
0.6018 |
0.3281 |
0.0852 |
-0.1584 |
0.0563 |
0.6589 |
0.1203 |
|
Wood and Wood Products: N |
= 603, T |
=8 | ||||||
|
y, x |
b βOLS |
b |
b |
b βOLSDC |
b βBPDC |
b βWFDC |
β ∆7 |
b βOLSD |
|
lnM, lnQ |
1.0940 |
1.0535 |
1.0747 |
1.1062 |
1.0635 |
1.1106 |
1.0779 |
1.1046 |
|
lnQ, lnM |
0.8940 |
0.9477 |
0.8127 |
0.6981 |
0.9290 |
0.6869 |
0.9277 |
0.7078 |
|
ln K, ln Q |
0.9843 |
1.3865 |
0.6858 |
0.2111 |
0.1081 |
0.1855 |
1.7914 |
0.3004 |
|
lnQ, lnK |
0.7816 |
0.5566 |
0.3476 |
0.1272 |
0.8143 |
0.1089 |
0.5582 |
0.1719 |
34