Results 61 to 70 of about 90,273 (250)
Regional allocation of investment as a hierarchical optimization problem [PDF]
, 1981 A new formulation is given for the well-known problem of investment allocation between regions in the framework of a planning model. The case of a dual economy with a Cobb-Douglas production function is worked out in detail with an illustrative numerical
Bagchi, A. +2 more
core +2 more sources
Aggregate productivity effect of labour and capital market distortions in Canada
Canadian Journal of Economics/Revue canadienne d'économique, EarlyView.Abstract How efficiently are workers, investment capital, and production distributed across firms in Canada? And how have they varied over time, across regions, and between sectors? To answer these questions, we present novel measures of the degree of resource misallocation over time and space using uniquely detailed firm‐level data (T2‐LEAP) between ...
Yu Chen, Trevor Tombe
wiley +1 more source
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
Dutch disease, unemployment and structural change
Economic Inquiry, EarlyView.Abstract We find that Dutch disease effects on unemployment are small even in a commodity‐rich economy like Australia. Using an estimated open‐economy model with frictional unemployment, we quantify how business‐cycle shocks and structural changes shape aggregate unemployment.
Mariano Kulish +3 more
wiley +1 more source
The Cobb-Gouglas function as an approximation of other functions [PDF]
By defining the Variable Output Elasticities Cobb-Douglas function, this article shows that a large class of production functions can be approximated by a Cobb-Douglas function with nonconstant output elasticity.
Frédéric Reynès
core
Political Partisanship and State‐Level Bank Efficiency
Financial Review, EarlyView.ABSTRACT We examine the relationship between political partisanship and commercial bank efficiency in the United States from 1972 to 2020, assessing the persistent influence of political affiliations at the state and District of Columbia levels. Bank efficiency scores are estimated using a double‐bootstrap approach, and the analysis is conducted within
Jeremy Eng‐Tuck Cheah +3 more
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
Why Is the Cobb-Douglas Production Function so Popular?
SSRN Electronic Journal, 2022 AbstractIt is well known that, in continuous time, the Cobb-Douglas function can be derived from the underlying, data governing, accounting identity under some reasonable assumptions (factor shares are constant, and the weighted growth of the labour input price and the capital input price is constant).
openaire +1 more source
College Financial Aid Application Frictions
International Economic Review, EarlyView.ABSTRACT We document that 11 percent of recent U.S. high school graduates did not apply for federal student aid due to difficulty in applying, mistaken beliefs, or lack of awareness. Not applying due to such application frictions negatively predicts college enrollment after controlling for other attributes.
Emily G. Moschini +1 more
wiley +1 more source