Results 121 to 130 of about 145,178 (266)
Calibrated Cobb-Douglas functions
Cobb-Douglas functions are highly useful and conveniently simple. They are widely used in microeconomics to illustrate a multitude of economic phenomena and properties. A key characteristic of these functions is that their isoquants are smoothly convex, allowing for continuous substitution along them as the prices of goods or factors change.
Sancho Pifarré, Ferran +2 more
openaire +2 more sources
A Discrete Two-Sector Economic Growth Model
Discrete Dynamics in Nature and Society, 2007 This paper studies a key model in economic theory—the two-sector growth model—with an alternative utility function. We show that the system has a unique stable equilibrium when the production functions take on the Cobb-Douglas form.
Wei-Bin Zhang
doaj +1 more source
Regional Productivity Differences in the UK and France: From the Micro to the Macro
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT We propose a new data resource that attempts to overcome limitations of standard firm‐level datasets for the United Kingdom (like the ARD/ABS) by building on administrative data covering the population of UK firms with at least one employee. We also construct a similar dataset for France and use both datasets to (1) provide some highlights of ...
Bridget Kauma, Giordano Mion
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
Modelling Corruption in a Cobb-Douglas Production Function Framework [PDF]
In this paper, we extend the Solow growth model to include corruption as a determinant of the multifactor productivity using a Cobb-Douglas production function framework. In addition to the classical components of any growth model (output, labor, capital)
Ahmadi-Esfahani, Fredoun Z., Farida, Moe
core +1 more source
Accounting for Cross‐Country Differences in Output Per Worker: A Sectoral CES Perspective
Oxford Bulletin of Economics and Statistics, EarlyView.ABSTRACT The standard macroeconomic literature suggests that richer countries employ more productive technologies. Removing technological disparities between countries would hence narrow the substantial variation in output per worker across countries.
Jan Trenczek, Konstantin M. Wacker
wiley +1 more source
Cantor Type Invariant Distributions in the Theory of Optimal Growth under Uncertainty [PDF]
We study a one-sector stochastic optimal growth model, where the utility function is iso-elastic and the production function is of the Cobb-Douglas form. Production is affected by a multiplicative shock taking one of two values.
Mitra, Tapan, Privileggi, Fabio
core
Review of Development Economics, EarlyView.ABSTRACT This paper analyzes the link between export and total factor productivity using a large panel of Ethiopian large and medium manufacturing firms. Using a modified Olley and Pakes model with export for the prediction of total factor productivity and then matching and difference‐in‐difference techniques, evidence of both self‐selection and ...
Zerihun Kelil Seid +2 more
wiley +1 more source
A Brief History of Production Functions [PDF]
This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neo-classical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thunen
Mishra, SK
core +1 more source
On the undesirable repercussions of gender norms in an endogenous growth model
The Scandinavian Journal of Economics, EarlyView.Abstract Sustainable growth has emerged as a critical policy challenge worldwide. We investigate the influence of conventional gender norms on fertility and economic growth to explain the phenomena recently observed across high‐income countries. To this end, we construct an overlapping generations model with endogenous fertility and labor supply ...
Ryo Sakamoto, Katsunori Minami
wiley +1 more source