our aim was to estimate a time-series production function and to study the dynamic property of technical change.
Akino's estimates are quite different from the others, although our data and his are basically the same: we actually used his cross-sectional data, along with time-series and climactic data. One of the most important sources of the difference between our estimates and Akino's is that we included climactic variables at the stage of cross- sectional estimation. We think that the influence of climactic factors in cross-sectional estimation should be eliminated when one studies technical change. Such change appears legitimately only in time-series data and has little to do with climactic factors.
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