Results 111 to 120 of about 10,408 (267)
Output Maximization of an Agency [PDF]
Considering Cobb-Douglas function in three variables as an explicit form of production function, in this paper an attempt has been made to maximize an output subject to a budget constraint, using Lagrange multipliers technique, as well as necessary and ...
Haradhan Kumar Mohajan +2 more
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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
Modelling Corruption in a Cobb-Douglas Production Function Framework
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)
Farida, Moe, Ahmadi-Esfahani, Fredoun Z.
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Some aspects of the translog production function estimation [PDF]
In a translog production function, the number of parameters practically ”explodes” as the number of considered production factors increases. Consequently, the shortcoming in the estimation of the respective production function is the occurrence of ...
Florin-Marius PAVELESCU
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The Welfare and Distributional Consequences of Corporate Tax Cuts in Open Economies
Journal of Money, Credit and Banking, EarlyView.Abstract We develop an open‐economy heterogeneous household model with incomplete markets to quantitatively evaluate the welfare and distributional effects—both within and across countries—of the corporate tax cut (Tax Cuts and Jobs Act, TCJA) implemented in the U.S. in 2017. The model allows for examining outcomes under various possibilities including
MAMOON KADER +3 more
wiley +1 more source
Cobb-Douglas Production Function. A Literature Review
Economía y Negocios, 2023 Para la ciencia económica, el análisis de la función de producción es una práctica generalizada, ya que se la aborda desde el punto de vista microeconómico con el análisis de la teoría de la producción y también desde la perspectiva macroeconómica para explicar en qué medida los cambios en los factores de producción determinan el producto.
Mejía-Matute, Silvia Raquel +2 more
openaire +1 more source
A Unified Approach to Estimating Production Functions: Proxy Variables and Dynamic Panel Data
The Journal of Industrial Economics, EarlyView.ABSTRACT We propose a new approach to production function estimation that integrates the strengths of the proxy‐variable (PV) and dynamic panel data (DPD) methods. Our framework augments the set of instruments for the level equation in Blundell and Bond [8] with a Berkson‐type instrument motivated by economic theory, following Olley and Pakes [28 ...
Jose Miguel Abito +1 more
wiley +1 more source
A Brief History of Production Functions
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
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How the Threat of Knowledge Loss Drives Firms’ R&D Dynamism: A Threat Rigidity Perspective
Journal of Management Studies, EarlyView.Abstract Drawing on threat rigidity theory, this paper argues that the threat of knowledge loss gives rise to a threat rigidity effect in firms’ R&D function, that is, reduces their R&D dynamism. It further argues that the dampening of R&D dynamism is greater for firms more vulnerable to the threat of knowledge loss due to facing greater product market
Aman Asija, Dimo Ringov
wiley +1 more source
Entrepreneurs, Sticky Competition and the Schumpeterian Cobb-Douglas Production Function
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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