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...special cases of the CES production function. When the elasticity...

aggregate production function

Dictionary of the Social Sciences;      8 words ...aggregate production function See production function .

production function

Dictionary of the Social Sciences;      243 words ...production function Production is the act of transforming inputs (labor...the quantity of output of that good constitutes the production function. The production function has the general form Q = f ( L , K , … ) where...

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...

Fire sprinkler CADD and engineering economics: could CADD systems replace...

PM Engineer;  September 1, 2004 ;     700+ words ......that CADD will have on the design production function. Some see CADD as a nefarious conspiracy...engineering economic model known as the production function. Its success depends as much on...the fire sprinkler designer. The Production Function and Economies of Scale A ...

Cobb-Douglas function

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

An econometric estimation of Hicksian and Marshallian elasticities in...

Southern Economic Journal;  October 1, 1996 ;     700+ words ......if one were to adopt an indirect production function instead of a cost function [7; 14...of substitution for an indirect production function. Blackorby and Russell have argued...conclusions. II. The Model A direct production function that allows for non-neutral technical...

CES

A Dictionary of Economics;      7 words ...CES See constant elasticity of substitution .

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...

Joint risk preference-technology estimation with a primal system:...

American Journal of Agricultural Economics;  February 1, 1999 ;     700+ words ...The Just-Pope production function represents an important...convenience associated with production function representations of technology...been made that separate production function estimates are inconsistent...

Relating the knowledge production function to total factor productivity:...

IMF Staff Papers;  July 1, 2006 ;     700+ words ......models is a knowledge/technology production function that describes the evolution of...functional form of the knowledge production function. Specifically, the debate is centered...the parameters of the knowledge production function. This allows us to directly assess...

Decomposing growth in France, Germany and the united kingdom using growth...

National Institute Economic Review;  January 1, 2007 ;     700+ words ......paper uses Growth Accounting and Production Function Analysis to decompose the factors...rates. Keywords: Growth accounting; Production function estimation JEL classifications...data. We use growth accounting and production function analysis to decompose growth into...

Algebraic production functions and their uses before Cobb-Douglas

Economic Quarterly - Federal Reserve Bank of Richmond;  January 1, 1997 ;     700+ words ......is the idea of a production function. It and its allied...economics. Written the production function relates total product...Put differently, a production function is simply a set of...more exotic CES, or constant elasticity of substitution...imply a logarithmic ...