Results 91 to 100 of about 70,204 (249)
Entrepreneurs, Sticky Competition and the Schumpeterian Cobb-Douglas Production Function [PDF]
In this paper, we institute the role of entrepreneurs in technical progress and the mechanism of tools multiplication into the Cobb Douglas Production Function. After the advancements, the technology component in the function has technical meaning and is
Mo, Pak Hung
core +1 more source
CBDC as Imperfect Substitute to Bank Deposits: A Macroeconomic Perspective
Journal of Money, Credit and Banking, EarlyView.Abstract The impact of Central Bank Digital Currency (CBDC) is analyzed in a closed‐economy model with monopolistic competition in banking and where CBDC is an imperfect substitute with bank deposits. The design of CBDC is characterized by its interest rate, its substitutability with bank deposits, and its relative liquidity.
PHILIPPE BACCHETTA, ELENA PERAZZI
wiley +1 more source
Cobb-Douglas production function revisited, VAR and VECM analysis and a note on Fischer/Cobb-Douglass paradox [PDF]
Cobb-Douglas production function is a basic function in growth models. The modeling in this paper showed that VAR is stable; KPSS test showed that output, capital and labor are not trend stationary.
Josheski, Dushko +2 more
core +1 more source
Retrospectives: The Introduction of the Cobb–Douglas Regression [PDF]
Journal of Economic Perspectives, 2012 At the 1927 meetings of the American Economic Association, Paul Douglas presented a paper entitled “A Theory of Production,” which he had coauthored with Charles Cobb. The paper proposed the now familiar Cobb–Douglas function as a mathematical representation of the relationship between capital, labor, and output.
openaire +2 more sources
The Role of Remittances and FDI for the Current Account: The Case of Cambodia
Journal of Money, Credit and Banking, EarlyView.Abstract This paper develops a small open economy real‐business‐cycle model to examine the dynamics of Cambodian current account. Differing from previous studies, our model incorporates both net foreign direct investment (FDI) and remittances as additional sources of macro‐economic fluctuations. Our results reveal that these two factors, especially FDI,
VEASNA KHENG, LEI PAN, XIAODONG FAN
wiley +1 more source
The Substitution and the Revenue Effects for a Cobb-Douglas Utility Function [PDF]
Annals of Dunarea de Jos University. Fascicle I : Economics and Applied Informatics, 2010 In the consumer’s theory, a crucial problem is to determine the substitution effect and the revenue effect in the case of one good price’s modifing. There exists two theories due to John Richard Hicks and Eugen Slutsky which allocates differents shares ...
Catalin Angelo IOAN, Gina IOAN
doaj
La función de producción Cobb-Douglas en el Ecuador
Tendencias, 2018 El objetivo principal de este trabajo es analizar el comportamiento de la elasticidad del producto ante cambios en los dos factores de producción: capital y trabajo, en una función de producción con rendimientos constantes a escala. Para ello, se discute
Xavier Fernando Briones Mendoza +2 more
doaj +1 more source
Heterotic Models of Aggregate Demand [PDF]
A common theme in the theory of demand aggregation is that market demand can acquire properties which are not always individually present among the agents who make up that market, a phenomenon we call heterosis in this paper.
Gael Giraud, John Quah
core
Do robots boost productivity? A quantitative meta‐study
Journal of Economic Surveys, EarlyView.ABSTRACT This meta‐study analyzes the productivity effects of industrial robots. More than 1800 estimates from 85 primary studies are collected. The meta‐analytic evidence suggests that robotization has so far provided, at best, a small boost to productivity. There is strong evidence of publication bias in the positive direction.
Florian Schneider
wiley +1 more source