"A Theory of Production" The Estimation of the Cobb-Douglas Function: A Retrospective View [PDF]
The Cobb-Douglas production function is still today the most ubiquitous form in theoretical and empirical analyses of growth and productivity. The estimation of the parameters of aggregate production functions is central to much of today's work on growth,
F. Gerard Adams, Jesus Felipe
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ABSTRACT This study explores how governance quality moderates the impact of education on carbon emissions in 119 developing countries from 2003 to 2021. Using a two‐step System GMM approach, it examines the roles of primary, secondary, and tertiary education alongside six governance indicators.
Charles Shaaba Saba +2 more
wiley +1 more source
Using Non-parametric Methods in Econometric Production Analysis: An Application to Polish Family Farms [PDF]
Econometric estimation of production functions is one of the most common methods in applied economic production analysis. These studies usually apply parametric estimation techniques, which obligate the researcher to specify the functional form of the ...
Czekaj, Tomasz, Henningsen, Arne
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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
Profit Maximization and the Threshold Price [PDF]
If the output market is perfectly competitive and the firm’s production function is not concave, an increase in the output price may lead to an explosive increase in firm’s profits at some point.
Mynbaev, Kairat
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EFFICIENCY ANALYSIS OF COBB-DOUGLAS PRODUCTION FUNCTION IN KOJA CONTAINER TERMINAL, TANJUNG PRIOK PORT [PDF]
Container terminal efficiency and productivity is important issues since productivity of container terminal in Indonesia is the low but the total handling charge is relatively high compared in ASEAN.
MAHARANI, Maharani, SUSILOWATI, Indah
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A New Class of Production Functions and an Argument Against Purely Labor-Augmenting Technical Change [PDF]
This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of labor- and capital-augmenting developments ...
Growiec, Jakub
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Reconsideration of Dimensions and Curve Fitting Practice in Economics Elaborating on Georgescu-Roegen’s Economic Methodology [PDF]
This paper is to examine the proper use of dimensions and curve fitting practices elaborating on Georgescu-Roegen’s economic methodology in relation to the three main concerns of his epistemological orientation.
Jesus Ramos-Martin +2 more
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Subsidies and Awards in Movie Production [PDF]
This article analyzes the effect of subsidies and awards on the Spanish motion picture industry. We estimate a Cobb-Douglas production function using regional data, showing that it exhibits constant returns to scale and that awards positively affect ...
Betty Agnani, Henry Aray
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The shape of aggregate production functions: evidence from estimates of the World Technology Frontier [PDF]
The article provides multifaceted evidence on the shape of the aggregate country-level production function, derived from the World Technology Frontier, estimated on the basis of annual data on inputs and output in 19 highly developed OECD countries in ...
Anna Pajor +3 more
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