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I want to model TFP series using an econometric model, be it AR(1) process, unit root with drift drift process etc. I was wondering if anyone knows of published papers discussing various methods of modelling technical progress. Alternatively, type in your model of TFP.
Thank you
Check the article:
Olley, G. Steven, and Ariel Pakes. The dynamics of productivity in the telecommunications equipment industry.
This is an Econometrica paper (1996). It is the standard method to estimate productivity nowadays.
