Explicit Derivation Of The Bias In The Solow Residual In The Existence Of Imperfect Competition And Non-Constant Returns To Scale

dc.contributor.author	AKDEDE, Sacit Hadi
dc.date.accessioned	2015-09-30T14:31:45Z	NULL
dc.date.available	2015-09-30T14:31:45Z	NULL
dc.date.issued	2003
dc.identifier.uri	http://hdl.handle.net/20.500.12397/1571	NULL
dc.description.abstract		en_US
dc.description.abstract	ABSTRACT 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.	en_US
dc.language.iso	en	en_US
dc.publisher	Dokuz Eylül Üniversitesi İktisadi ve İdari Bilimler Fakültesi	en_US
dc.subject	Total Factor Productivity, Bias in the Solow Residual.	en_US
dc.title	Explicit Derivation Of The Bias In The Solow Residual In The Existence Of Imperfect Competition And Non-Constant Returns To Scale	en_US
dc.title.alternative		en_US
dc.type	Article	en_US