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Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi

Yıl 2003 , Cilt 18 , Sayı 1

Makale özeti ve diğer detaylar.

Makale özeti
Başlık :

Explicit derivation of the bias in the solow residual in the existence of imperfect competition and non-constant returns to scale

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Yazar kurumları :
Adnan Menderes Üniversitesi1
Görüntülenme :
165
DOI :
Özet Türkçe :

The main purpose of this paper is to explicitly derive the possible bias in the Solow residual when there is imperfect competition and non-constant returns to scale.  As is known very well, the standard Solow residual assumes perfect competition and constant returns to scale.  As is also known, Solow residual is one of the measures of total factor productivity. Therefore, if there is imperfect competition and non-constant returns to scale, then standard Solow measure of productivity will be biased and all the comparisons based on this residual will be unreliable.  In this study, we shed some light on these issues.

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