Handling the measurement error problem by means of panel data: Moment methods applied on firm data



Paper and Paper Products: N = 600, T =8

y, x

b

βOLS

b
βBP

b
βWF

b

βOLSDC

b

βBPDC

b

βWFDC

β ∆7

b

βOLSD

lnM, lnQ

1.0809

1.0867

1.0759

1.0687

1.0630

1.0664

1.0964

1.0728

ln Q, ln M

0.8935

0.9194

0.7656

0.5560

0.9088

0.5410

0.9120

0.5907

lnK, lnQ

0.9711

1.4169

0.9815

0.3001

0.3790

0.2611

1.5207

0.4801

lnQ, lnK

0.8141

0.6527

0.3757

0.0957

1.0722

0.0812

0.6576

0.1593

Chemicals: N = 229, T =8

y, x

b

βOLS

b

βBP

b

βWF

b

βOLSDC

b

βBPDC

b

βWFDC

β ∆7

b

βOLSD

lnM, lnQ

1.0337

1.0228

1.0275

1.0522

0.9922

1.0573

1.0167

1.0488

ln Q, ln M

0.9484

0.9764

0.8443

0.6922

0.9644

0.6770

0.9836

0.7121

lnK, lnQ

1.0499

1.3520

0.8164

0.1929

0.5105

0.1456

1.3626

0.3069

lnQ, lnK

0.8175

0.7071

0.4447

0.1186

0.8560

0.0883

0.7339

0.1861

35



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