{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2026,6,18]],"date-time":"2026-06-18T06:54:38Z","timestamp":1781765678281,"version":"3.54.5"},"reference-count":16,"publisher":"Wiley","issue":"6","license":[{"start":{"date-parts":[[2006,10,6]],"date-time":"2006-10-06T00:00:00Z","timestamp":1160092800000},"content-version":"vor","delay-in-days":35,"URL":"http:\/\/onlinelibrary.wiley.com\/termsAndConditions#vor"}],"content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["J of Applied Econometrics"],"published-print":{"date-parts":[[2006,9]]},"abstract":"<jats:title>Abstract<\/jats:title><jats:p>This article explores to what extent the poor results that are often found when estimating parameters of production functions can be attributed to measurement errors, due to the use of common price deflators across firms. Because of the lack of detailed micro\u2010economic data, econometricians have to rely on industry\u2010wide deflators when computing outputs and intermediate inputs. A unique feature of the longitudinal data used in this paper is that it reports firm\u2010level prices. This allows for a comparative assessment of production function parameters where the outputs and intermediate inputs are computed using both firm\u2010specific prices and industry\u2010wide deflators. The empirical results presented in this paper show that the use of common deflators across firms leads to lower scale estimates, mainly because of a large downward bias in the estimated coefficients for labour. Copyright \u00a9 2006 John Wiley &amp; Sons, Ltd.<\/jats:p>","DOI":"10.1002\/jae.887","type":"journal-article","created":{"date-parts":[[2006,10,6]],"date-time":"2006-10-06T20:35:11Z","timestamp":1160166911000},"page":"879-891","source":"Crossref","is-referenced-by-count":43,"title":["Assessing the effects of measurement errors on the estimation of production functions"],"prefix":"10.1002","volume":"21","author":[{"given":"Carmine","family":"Ornaghi","sequence":"first","affiliation":[],"role":[{"vocabulary":"crossref","role":"author"}]}],"member":"311","published-online":{"date-parts":[[2006,10,6]]},"reference":[{"key":"e_1_2_8_2_1","unstructured":"Alonso\u2010BorregoC Sanchez\u2010MangasR.2001.GMM estimation of a production function with panel data: an application to Spanish manufacturing firms. Working paper 01\u201355 Universidad Carlos III de Madrid."},{"key":"e_1_2_8_3_1","doi-asserted-by":"publisher","DOI":"10.2307\/2297968"},{"key":"e_1_2_8_4_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4076(94)01642-D"},{"key":"e_1_2_8_5_1","doi-asserted-by":"publisher","DOI":"10.1162\/003465399558184"},{"key":"e_1_2_8_6_1","doi-asserted-by":"publisher","DOI":"10.1086\/422559"},{"key":"e_1_2_8_7_1","doi-asserted-by":"publisher","DOI":"10.1080\/07474930008800475"},{"key":"e_1_2_8_8_1","volume-title":"Advances in Econometrics","author":"Blundell R","year":"2000"},{"key":"e_1_2_8_9_1","doi-asserted-by":"publisher","DOI":"10.1016\/j.jdeveco.2004.06.002"},{"key":"e_1_2_8_10_1","first-page":"342","article-title":"Long\u2010run implications of investment\u2010specific technological change","volume":"87","author":"Greenwood J","year":"1997","journal-title":"American Economic Review"},{"key":"e_1_2_8_11_1","doi-asserted-by":"publisher","DOI":"10.7208\/chicago\/9780226308920.001.0001"},{"key":"e_1_2_8_12_1","doi-asserted-by":"publisher","DOI":"10.1086\/261570"},{"key":"e_1_2_8_13_1","doi-asserted-by":"publisher","DOI":"10.2307\/2555841"},{"key":"e_1_2_8_14_1","doi-asserted-by":"publisher","DOI":"10.1002\/(SICI)1099-1255(199607)11:4<343::AID-JAE404>3.0.CO;2-4"},{"key":"e_1_2_8_15_1","unstructured":"MartinA SuarezC.1997.El stock de capital para las empresas de la encuesta sobre estrategias empresariales.Documento Interno n. 13 Programa de Investigaciones Econ\u00f3micas. Fundaci\u00f3n Empresa P\u00fablica."},{"key":"e_1_2_8_16_1","doi-asserted-by":"publisher","DOI":"10.2307\/2171831"},{"key":"e_1_2_8_17_1","unstructured":"OrnaghiC.2003.Assessing the effects of measurement errors on the estimation of the production function.Working paper 02\u201333. Universidad Carlos III de Madrid."}],"container-title":["Journal of Applied Econometrics"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/api.wiley.com\/onlinelibrary\/tdm\/v1\/articles\/10.1002%2Fjae.887","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/pdf\/10.1002\/jae.887","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2023,10,18]],"date-time":"2023-10-18T11:30:53Z","timestamp":1697628653000},"score":1,"resource":{"primary":{"URL":"https:\/\/onlinelibrary.wiley.com\/doi\/10.1002\/jae.887"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2006,9]]},"references-count":16,"journal-issue":{"issue":"6","published-print":{"date-parts":[[2006,9]]}},"alternative-id":["10.1002\/jae.887"],"URL":"https:\/\/doi.org\/10.1002\/jae.887","archive":["Portico"],"relation":{},"ISSN":["0883-7252","1099-1255"],"issn-type":[{"value":"0883-7252","type":"print"},{"value":"1099-1255","type":"electronic"}],"subject":[],"published":{"date-parts":[[2006,9]]}}}