COBB-DOUGLAS INDUSTRIAL FUNCTION AND MANAGING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT

Innovation , Technological Interdependence , and Economic Growth ̊ Douglas

There is substantial heterogeneity across industries in the level of interdependence between new and old technologies. I propose a measure of this interdependence–an index of sequentiality in innovation–which is the transfer rate of patents in a particular industry. I find that highly sequential industries have higher profitability, higher variance of firm growth, lower exit rates, and lower ra...

The Cobb-Douglas Production Function: An Antipodean Defence?

In this paper a re-examination of the original time-series data sets used by Professor Douglas and associated researchers to establish the existence of an aggregate production function is undertaken. Particular attention is paid to the issue of whether the data provide deductive support for the ‘Laws of Production’ as claimed by Douglas (1948). Various statistical methods are used to analyse th...

DEA Cobb-Douglas frontier and cross-efficiency

The current paper examines the cross-efficiency concept in data envelopment analysis (DEA). While cross-efficiency has appeal as a peer evaluation approach, it is often the subject of criticism, due mainly to the use of DEA weights that are often non-unique. As a result, cross-efficiency scores are routinely viewed as arbitrary in that they depend on a particular set of optimal DEA weights gene...

The Dynamics Of Industrial Technological Capability In Indonesian Economic Development

This paper attempts to understand the structure underlining the weakness of the Indonesian economic development strategy in a systemic perspective. The explanation assumes the importance of industrial technological capability within the framework of the techno-economic structure. The results of a simulated model of techno-economic administration show the weakness of the industrial technological...

The Cobb-Douglas Regression and the Measurement of Economic Growth and its Causes