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The measurement of total productivity
Existence of a Real ValueAdded Function
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A-J model approximation assumed assumption average bias capital and labor capital services concave constant constraint convex convex function cost function defined by equation deflated demand functions Diewert disembodied technical change duality econometric economic elasticity of substitution electricity embodied technical change empirical estimated ex ante ex post factor augmenting factor price fixed fuel function f functional form gross output homothetic Hotelling's lemma hypothesis implies inconsistently aggregated indirect production function indirect utility function industry input prices intermediate inputs Lemma Leontief linear homogeneous marginal McFadden measure non-joint non-negative null hypothesis observed output price parameters plant price changes primary inputs problem production function quasi-concave rate of return ratio real value-added regression regulated firm regulatory effectiveness respect restrictions returns to scale sample satisfies Section sector separability shadow elasticities significant specification statistic symmetric Table translog utility maximization problem value-added function vintage Wght