Cobb-Douglas function

A Dictionary of Economics;      216 words ......function A model of the aggregate production function . In this function, named...x3BB; . The Cobb-Douglas production function has also been applied...individual firm. With this production function, a cost-minimizing firm...

production function

Dictionary of the Social Sciences;      243 words ...production function Production is the act of transforming...of that good constitutes the production function. The production function has the general form Q = f...scale (see Cobb–Douglas Production function ). A production function that ...

Long-run growth projections and the aggregate production function: A...

Contemporary Economic Policy;  October 1, 1998 ;     700+ words ......neoclassical framework of an aggregate production function, but several practical...through the familiar aggregate production function. Long-run growth then...explicitly relies on an aggregate production function. CBO uses a detailed...

Total Factor Productivity Growth in the Philippines: 1960-2000

Asian Development Review;  January 1, 2005 ;     700+ words ......econometric estimation of an aggregate production function. This approach, however...factor productivity and aggregate production function serve more to obfuscate...used to estimate an aggregate production function it will generate coefficients...

OPTIMAL INSURANCE AGAINST CLIMATIC EXPERIENCE.

American Journal of Agricultural Economics;  August 1, 2001 ;     700+ words ......stochastic production function affected by...risk and by an aggregate production risk, where...stochastic production function which models...uninsurable aggregate production shock, and...feature of this production function is that it...denotes an ...

On returns to scale of the aggregate production function. (Anthology)

Atlantic Economic Journal;  September 1, 1992 ;     404 words ......to scale (CRS) of the aggregate production function. Is CRS a reasonable assumption...test this, the translog production function [Christensen, Jorgenson...Scale and the Forin of the Production Function, 19711 also indicated...

constant elasticity of substitution production function

Dictionary of the Social Sciences;      13 words ...constant elasticity of substitution production function See CES production function .

Discussion: social capital as an important lever in economic development...

American Journal of Agricultural Economics;  August 1, 2003 ;     700+ words ......person-hours of work in the aggregate production function did not explain growth in...technology variable to a production function is just a name...labor input helps some, but aggregate production functions still leave a...

CES production function

Dictionary of the Social Sciences;      257 words ...CES production function Or constant elasticity of substitution production function. The CES function is a production function used to model the relationship between the quantity of inputs used to make a good (such as labor and capital) and...

Recognizing e-learning's potential & pitfalls: technologists and educators...

Learning and Training Innovations;  May 1, 2003 ;     697 words ......industry. Educational production function Any analysis of...call the education production function. In the traditional...element of the production function is to identify...

Using an empirically estimated production function for Major League...

American Economist;  September 22, 1997 ;     700+ words ......paper empirically estimates the production function, in a Cobb-Douglas format, of Major...analysis. A reliable estimate of the production function could assist the management of a...manufacturing firm could use its production function to determine how much of each input...

To operate sustainably or not to operate sustainability?--That is the...

Futures;  February 1, 2004 ;     700+ words ......mainstream use of aggregate production functions that violate...a non-traditional production function reveals a number...have been based on aggregate production functions that violate...necessary properties of a production function describing feasible...Fourth, a ...

A Modification of the Production Function for Transition Economies...

Comparative Economic Studies;  March 22, 2001 ;     700+ words ......economic theory. The neoclassical production function is based on theory that, in the...is reflected in the neoclassical production function by a technological progress component...called into question the conventional production function. Indeed, a precipitous decline in...

Decomposing technical change: a reply. (response to article by Frank Song...

Southern Economic Journal;  July 1, 1994 ;     700+ words ......separate argument in the production function justified? We discuss each...quality as an argument in the production function, we sought to avoid this problem. Moreover, the production function, as specified in GBW, follows...

Infrastructure and production efficiency: An analysis on the Korean...

Contemporary Economic Policy;  July 1, 1999 ;     700+ words ......estimates an aggregate production function of manufacturing...estimating an aggregate production function. In the studies...is a direct production input just as...input in the aggregate production regression...