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Author : Jakub Growiec
Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (85 download)
Download or read book The Shape of Aggregate Production Functions written by Jakub Growiec and published by . This book was released on 2011 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jakub Growiec
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book The Shape of Aggregate Production Functions written by Jakub Growiec and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The article provides multifaceted evidence on the shape of the aggregate country-level production function, derived from the World Technology Frontier, estimated on the basis of annual data on inputs and output in 19 highly developed OECD countries in the period 1970-2004. A comparison of its estimates based on Data Envelopment Analysis and Bayesian Stochastic Frontier Analysis uncovers a number of significant discrepancies between the nonparametric estimates of the frontier and the Cobb-Douglas and translog production functions in terms of implied efficiency levels, partial elasticities, and returns-to-scale properties. Furthermore, the two latter characteristics as well as elasticities of substitution are found to differ markedly across countries and time, providing strong evidence against the constant-returns-to-scale (CRS) Cobb-Douglas specification, frequently used in related literature. We also find notable departures from perfect substitutability between unskilled and skilled labor, consistent with the hypotheses of skill-biased technical change and capital-skill complementarity. In the Appendix, as a corollary from our results, we have also conducted a series of development accounting and growth accounting exercises.
Author : Jesus Felipe
Publisher : Edward Elgar Publishing
ISBN 13 : 1782549684
Total Pages : 400 pages
Book Rating : 4.7/5 (825 download)
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2013-10-31 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Author : Franklin M. Fisher
Publisher :
ISBN 13 :
Total Pages : 312 pages
Book Rating : 4.:/5 (43 download)
Download or read book Aggregation written by Franklin M. Fisher and published by . This book was released on 1992 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work deals with the question of the conditions for the existence of aggregate production functions (the heart of macroeconomics). It examines the conditions for approximate aggregation and through simulation experiments, considers why aggregate production functions appear to work.
Author : Kazuo Satō
Publisher :
ISBN 13 :
Total Pages : 356 pages
Book Rating : 4.F/5 ( download)
Download or read book Production Functions and Aggregation written by Kazuo Satō and published by . This book was released on 1975 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic research monograph on the economic theory of production functions and aggregation - includes a bibliography pp. 301 to 307.
Author : Gary M.. Walton
Publisher : Thomson South-Western
ISBN 13 : 9781439037522
Total Pages : 624 pages
Book Rating : 4.0/5 (375 download)
Download or read book History of the American Economy written by Gary M.. Walton and published by Thomson South-Western. This book was released on 2009-06-01 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tying America's past to the economic policies of today and beyond, HISTORY OF THE AMERICAN ECONOMY, 11e, INTERNATIONAL EDITION presents events chronologically for easy understanding. Get a firm foundation in the evolution of the American economy with this ever-popular classic.
Author : Jesus Felipe
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (141 download)
Download or read book The Aggregate Production Function and the Measurement of Technical Change written by Jesus Felipe and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Pengfei Zhang
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Endogenous Capital Augmenting Technical Change and the Shape of Aggregate Production Function written by Pengfei Zhang and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a neoclassical growth model with a constant elasticity of substitution production function, the conventional wisdom claims that capital augmenting technical change is labor biased and ceteris paribus increases the labor share when capital and labor are gross compliments. We construct an endogenous biased technical change model to challenge that interpretation. We show that capital augmenting technical change is capital biased and ceteris paribus decreases the labor share irrespective of the size of the elasticity of substitution. And we also provide a microfoundation for the induced aggregate production function to take the form of AK in the long-run.
Author : Kazuo Sato
Publisher :
ISBN 13 : 9780720431001
Total Pages : 313 pages
Book Rating : 4.4/5 (31 download)
Download or read book Production Functions and Aggregation written by Kazuo Sato and published by . This book was released on 1975 with total page 313 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Muhuan Xing
Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.F/5 ( download)
Download or read book On the Measurement of Aggregate Production Functions written by Muhuan Xing and published by . This book was released on 1990 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Charles Irving Jones
Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (249 download)
Download or read book The Shape of Production Functions and the Direction of Technical Change written by Charles Irving Jones and published by . This book was released on 2004 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper views the standard production function in macroeconomics as a reduced form and derives its properties from microfoundations. The shape of this production function is governed by the distribution of ideas. If that distribution is Pareto, then two results obtain: the global production function is Cobb-Douglas, and technical change in the long run is labor-augmenting. Kortum (1997) showed that Pareto distributions are necessary if search-based idea models are to exhibit steady-state growth. Here we show that this same assumption delivers the additional results about the shape of the production function and the direction of technical change.
Author : Franklin M. Fisher
Publisher :
ISBN 13 :
Total Pages : 88 pages
Book Rating : 4.:/5 (145 download)
Download or read book The Existence of Aggregate Production Functions written by Franklin M. Fisher and published by . This book was released on 1968 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timothy D. Tregarthen
Publisher : Macmillan
ISBN 13 : 9781572594197
Total Pages : 484 pages
Book Rating : 4.5/5 (941 download)
Download or read book Macroeconomics, Second Edition written by Timothy D. Tregarthen and published by Macmillan. This book was released on 1999-12-23 with total page 484 pages. Available in PDF, EPUB and Kindle. Book excerpt: Introducing the principles of economics as the study of choice, renowned economists and teachers Tim Tregarthen and Libby Rittenberg provide students with an accessible, straightforward overview of the field. Combining the clarity and writing of Tregarthen's The Margin with dramatic teaching insight, Tregarthen and Rittenberg guide students to an understanding of basic economic principles to help them understand how real individuals work with economics. In the completely revised Second Edition, the authors illustrate the practicality and relevance of economics with a variety of new student-friendly features and applications. The combination of student-oriented activities, examples and real-world applications with a host of new supplemental tools make Tregarthen/Rittenberg's Economics a teaching tool without parallel.
Author : Salinee Suvachananonda
Publisher :
ISBN 13 :
Total Pages : 130 pages
Book Rating : 4.:/5 (491 download)
Download or read book Estimation of Aggregate Production Functions written by Salinee Suvachananonda and published by . This book was released on 1972 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mo-huan Hsing
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (652 download)
Download or read book On the Measurement of Aggregate Production Functions written by Mo-huan Hsing and published by . This book was released on 1990 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. S. L. McCombie
Publisher :
ISBN 13 : 9780868396071
Total Pages : 33 pages
Book Rating : 4.3/5 (96 download)
Download or read book Does the Aggregate Production Function Imply Anything about the Laws of Production? written by J. S. L. McCombie and published by . This book was released on 1986 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Timothy Tregarthen
Publisher : Macmillan
ISBN 13 : 9781572594180
Total Pages : 760 pages
Book Rating : 4.5/5 (941 download)
Download or read book Economics, Second Edition written by Timothy Tregarthen and published by Macmillan. This book was released on 1999-12-23 with total page 760 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the principles of microeconomics and macroeconomics that establishes strong links between theoretical principles and real-world experience, while incorporating clear and consistent international focus throughout the text.
