Results 71 to 80 of about 145,178 (266)
Public investment multipliers revisited: the role of production complementarities
Economica, EarlyView.Abstract This paper revisits the issue of the public investment multiplier through the lens of complementarity or substitutability between private inputs and public infrastructure capital. Our main result is that public investment multipliers are much larger than in the literature when private inputs and public capital are good complements relative to ...
Vasiliki Dimakopoulou +2 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
Economic Inquiry, EarlyView.Abstract We build an endogenous growth model that distinguishes productive and welfare government expenditures and embeds fiscal externalities. The model yields three testable hypotheses: (i) productive expenditure raises growth (Barro effect); (ii) productive expenditure generates cross‐country productivity spillovers; (iii) government expenditure ...
Xiaodong Chen, Haoming Mi, Peng Zhou
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
From preferences to Cobb-Douglas utility [PDF]
, 2008 We provide characterizations of preferences representable by a Cobb-Douglas utility ...
Voorneveld, Mark
core
Productivity dynamics among union locals in the United States
Economic Inquiry, EarlyView.Abstract Using panel data on union locals in the United States we examine the dynamics of the union sector, investigating the impact of inter‐union competition on locals' productivity and survival. We find low entry rates, high exit rates and high levels of productivity dispersion in the sector.
Thomas Breda, Alex Bryson, John Forth
wiley +1 more source
The Intensity of using production factors in Romania. Estimates from Cobb-Douglas and CES Models [PDF]
Revista Romana de Economie, 2007 The production function explains the mechanism through which inputs are changed into outputs and the partial efficiency of labour and capital. It also allows for understanding the elasticity of substitution, which measures the percentage change in factor
Gheorghe Zaman, Zizi Goschin
doaj
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
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
The Impact of Risk Exposure and Environmental Conditions on European Banking Efficiency
European Financial Management, EarlyView.ABSTRACT This study investigates the determinants of bank cost efficiency in Europe by applying a dynamic Bayesian stochastic frontier approach. We distinguish between two conceptually and empirically separate components of efficiency: (1) an intrinsic component, driven by internal bank features such as size and risk exposure, and (2) an extrThis study
Pilar Gargallo +2 more
wiley +1 more source