• Corpus ID: 238259409

A Time-Varying Endogenous Random Coefficient Model with an Application to Production Functions

  title={A Time-Varying Endogenous Random Coefficient Model with an Application to Production Functions},
  author={Ming Yuan Leon Li},
  • M. Li
  • Published 3 October 2021
  • Economics
This paper proposes a random coefficient panel model where the regressors can depend on the time-varying random coefficients in each period, a critical feature in many economic applications including production function estimation. The random coefficients are modeled as unknown functions of a fixed effect of arbitrary dimension and a random shock, thus incorporating rich forms of unobserved heterogeneity. A sufficiency argument is used to control for the fixed effect, which enables one to… 


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