SAMUELSON'S SUBSTITUTION THEOREM WITH COBB-DOUGLAS PRODUCTION FUNCTIONS
نویسندگان
چکیده
منابع مشابه
Fitting of Cobb-Douglas Production Functions: Revisited
The set of Cobb-Douglas production functions is usually fitted by first linearizing the models through logarithmic transformation and then applying method of least squares. However, this procedure is valid only when the underlying assumption of multiplicative error-terms is justified. Unfortunately, this assumption is rarely satisfied in practice and accordingly, the results obtained are of dou...
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ژورنال
عنوان ژورنال: Australian Economic Papers
سال: 1974
ISSN: 0004-900X,1467-8454
DOI: 10.1111/j.1467-8454.1974.tb00870.x