Abstract:The estimation of enterprises total factor productivity is important and fundamental.Due to different production function model, sample range and empirical strategies, estimation results from different researchers are quite distinct.Therefore, we study the impact of production function model, price factor and sample range on the estimation methods, and then compare the results of different estimation methods in a unified approach.We find that: (1) Production function model has the most impact on estimation, followed by sample range, while the effect of price factor is relatively small; (2) The huge variation between estimation results means that there are still a lot of interference factors to be eliminated; (3) Unless there exists serious measurement error, index method is consistent with an accurate estimate of productivity growth.The contribution of our paper is to figure out the impact of different factors in the estimation of TFP, and determine the scope of application of different estimation methods.
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