Results 91 to 100 of about 79,158 (248)

Comparing ols and rank-based estimation techniques for production analysis: An application to Ghanaian maize farms.

Apstract: Applied Studies in Agribusiness and Commerce, 2016
This paper introduces the rank-based estimation method to modelling the Cobb-Douglas production function as an alternative to the least squares approach.
Henry De-Graft Acquah
doaj   +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

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

Russian Growth Path and TFP Changes in Light of the Estimation of Production Function using Quarterly Data [PDF]

We present estimations of a Cobb-Douglas production function with a steady change in TFP (total factor productivity) for the Russian economy, using quarterly data for the favorable period 1998Q3–2008Q2 and the period 1995Q1–2010Q2 as well.
Kuboniwa, Masaaki
core  

The Cobb-Douglas Production Function and the Old Bowley's Law

Symmetry, Integrability and Geometry: Methods and Applications
Bowley's law, also referred to as the law of the constant wage share, was a noteworthy empirical finding in economics, suggesting that a nation's wage share tended to remain stable over time, as observed through most of the 20th century. The wage share represents the proportion of a country's economic output that is distributed to employees as ...
Smirnov, Roman G., Wang, Kunpeng
openaire   +3 more sources

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

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 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

Estimation of a Production Function for Philippine Retail Stores

ECONOMICS, 2019
The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor
Patalinghug Jason C.
doaj   +1 more source