The Time Augmented Cobb-Douglas Production Function
نویسندگان
چکیده
منابع مشابه
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...
متن کاملFitting 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...
متن کاملApplications of Cobb-Douglas Production Function in Construction Time-Cost Analysis
Cobb-Douglas Production Function was widely used in economics and productivity studies across many sectors. The function's quantitative modeling of resource inputs and production outputs is appealing to the research domain of construction management. In this thesis we explored this function's application in construction schedule crashing and project risk analysis related to duration of construc...
متن کاملAdjustment Costs and the Identication of Cobb Douglas Production Functions
Cobb Douglas production function parameters are not identi ed from crosssection variation when inputs are perfectly exible and chosen optimally, and input prices are common to all rms. We consider the role of adjustment costs for inputs in identifying these parameters in this context. The presence of adjustment costs for all inputs allows production function parameters to be identi ed, even i...
متن کامل“a Theory of Production”1 the Estimation of the Cobb-douglas Function: a Retrospective View
As Solow once remarked to me, we would not now be concerned with the question [the existence of the aggregate production function] had Paul Douglas found labor's share of American output to be twenty-five per cent and capital's share seventy-five instead of the other way around [Fisher, 1969, 572]. I hope that someone skilled in econometrics and labor will audit and evaluate my critical finding...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis
سال: 2019
ISSN: 1211-8516,1211-8516
DOI: 10.11118/actaun201967051347