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Re: st: AW: RE: levpet for service sector firms

From   Austin Nichols <>
Subject   Re: st: AW: RE: levpet for service sector firms
Date   Tue, 27 Oct 2009 13:52:40 -0400

I assume you've read esp. section

If you give us more information on your data, you will likely get more
specific help. Is output y measured as log revenue?  How do you
distinguish between innovations in markup (caused by shifts in market
power) or final goods prices, on one hand, and TFP on the other? Or do
you not want to? How are other variables measured? In particular, do
you have capital both owned and leased by the firms? Are these treated

On Tue, Oct 27, 2009 at 12:58 PM, Schaffer, Mark E
<> wrote:
> Services firms in retail and wholesale trade (which is a big chunk of the total) typically have very large intermediate input costs.  In essence, they are buying finished goods (=intermediate inputs) and reselling them conveniently packaged and located.

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