Results 81 to 90 of about 69,620 (238)
Cobb-Douglas Production Function: The Case of a Converging Economy [PDF]
The Cobb-Douglas production function is often used to analyse the supply-side performance and measurement of a country’s productive potential. This functional form, however, includes the assumption of a constant share of labor in output, which may be too
Dana Hájková, Jaromír Hurník
core
Journal of Economics &Management Strategy, EarlyView.ABSTRACT In hit‐driven industries, product development is associated with a right‐skewed unconditional distribution of performance, and products in the right tail have outsized impacts. Understanding how exceptional performance is generated can improve resource allocation, but the literature advances two different narratives: one emphasizes postrelease
Darren Filson
wiley +1 more source
Analitical Derivation of the Cobb-Douglas Function based on the Golden Rule of Capital Accumulation [PDF]
In this paper, the neoclassical model is extended for the general case of economic growth, which can be represented as the sum of cyclical and growth components.
Yashin, Pete
core +1 more source
Financial Fragility and the Fiscal Multiplier
Journal of Money, Credit and Banking, EarlyView.Abstract We show that undercapitalized banks with large holdings of government bonds subject to sovereign default risk lead to a new crowding‐out channel: deficit‐financed fiscal stimuli lead to higher bond yields, triggering capital losses for the banks. Banks then cut back loans, which reduces fiscal multipliers.
CHRISTIAAN VAN DER KWAAK +1 more
wiley +1 more source
Calculation of the Production Function through Entropy: A Model from Econophysics
Lecturas de EconomíaFrom an economic perspective, the problems associated with production require a model for its estimation. These estimations are typically made using the Cobb-Douglas production function, which is derived from least-squares adjustment.
Isabel Cristina Betancur +4 more
doaj +1 more source
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
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Monetary Policy When Preferences Are Quasi‐Hyperbolic
Journal of Money, Credit and Banking, EarlyView.Abstract We study discretionary monetary policy in an economy where economic agents have quasi‐hyperbolic discounting. We demonstrate that a benevolent central bank is able to keep inflation under control for a wide range of discount factors. If the central bank, however, does not adopt the household's time preferences and tries to discourage early ...
RICHARD DENNIS, OLEG KIRSANOV
wiley +1 more source
A note on the determinants of labour share movements [PDF]
Adjustment costs cause movements of the labour share if the economy experiences demand or wage shocks. With linear adjustment costs and Cobb-Douglas technology, these movements are independent of the size of these shocks and depend only on the size of ...
Kessing, Sebastian
core
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
Factors Affecting Cotton Production in Pakistan:Empirical Evidence from Multan District [PDF]
This paper attempts to examine the factors affecting cotton production in Multan region using primary source of data. A sample of 60 small farmers, 25 medium and 15 large farmers was randomly selected from two Tehsils namely Multan and Shujabad of ...
Anwar, Mumtaz +2 more
core +1 more source