production function
Categorized production function: a note
... current production function, this paper categorizes the industries in an economy into the traditional and emerging industries, builds a categorized production function (CP F) and defines the ...
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Money in the production function: a New Keynesian DSGE perspective
... This article departs from the existing theoretical and empirical literature by specifying a New Keynesian DSGE model where money enters the produc- tion function. This feature generates a new ination dynamics ...
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Assessing the supply of the Maltese economy using a production function approach
... potential output are considered to be more model-dependent than the alternatives. Given the advantages and drawbacks of various approaches used in the literature, cen- tral banks do not usually depend exclusively on a ...
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Production function analysis of small rubber farms in Sri Lanka
... Douglas production function from the cross-section input-output data of small rubber farms in the Agalawatta district of Sri ...of production believed to affect output of rubber were identi fied, ...
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Cobb–Douglas production function on FDI in Southeast Europe
... las production function where data are analyzed with econometric models, which as employed in this study examines the interrelationships between output and set of variables that influence foreign direct ...
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Estimating Egypt’s Potential Output: A Production Function Approach
... The paper shaded light on different methodologies used in the literature to estimate potential output, and focused on the production function approach which was used to estimate potential output. The ...
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Production Function with Electricity Consumption and Policy Implications in Portugal
... This paper uses an augmented Cobb-Douglas production function to examine the asymmetric effect of electricity consumption on economic growth for the Portuguese economy. Additional control variables, such as ...
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Estimation of COBB Douglas Production Function in Econometric Model
... nonlinear production functions namely Cobb-Douglas, CES and Translog production function ...CES production function models have been explained besides the existing single equation ...
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Impact of FDI on GDP: An Analysis of Global Economy on Production Function
... modified production function model were Gross Domestic Product, Gross Capital Formation, Labor Force and Foreign Direct Investment among which GDP was dependent variable while rest three were independent ...
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Analysis of the Methodology of Constructing a Production Function Using Quality Criteria
... According to the results of the research, a method for evaluating the parameters included in the classical Cobb- Douglas formula is developed. On the basis of the com- putational experiment it was established that if the ...
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Is the Production Function Translog or CES? An Empirical Illustration Using UK Data
... Despite the considerable existing literature and the growing interest, find- ings are mixed even among studies which use the same dataset and functional form, especially for what concerns the energy and capital ...
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Estimates of the long run growth rate of Singapore with a CES production function
... Long run growth rate means the steady state growth rate (SSGR). The existence of a SSGR depends on the nature of the production function. We assume constant returns to avoid the adding up problem. If the ...
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Hydroponics Production Function, Returns to Scale and Domestic Resource Cost in Pakistan
... the function of costs incurred on hydroniums. Cobb Douglas type production function was used to describe hydroponics production ...hydroponics production system was disaggregated to ...
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Public and Private School Competition: The Spatial Education Production Function
... education production functions. Most recent education production function studies find that public schools respond to competition from private schools (Hoxby 1998, 1997; Dee, 1998; Couch, Shughart ...
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Entrepreneurs, Sticky Competition and the Schumpeterian Cobb Douglas Production Function
... a production function that can capture the fundamental inputs in production as well as how and why they might change over ...a production function that can explain sustained economic ...
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Team Production Function and Player Shirking in Major League Baseball
... In order to test whether non- linearities had been excluded from our model, we performed a regression specification error test (RESET) [Figure 7]. With numerator degrees of freedom equaling 4 and denominator degrees of ...
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Endogenous Regional Development in Romania A Knowledge Production Function Model
... knowledge production function model is the positive and significant, but relatively small, contribution of technical progress (as captured by R&D expenditures) to regional GDP growth in ...
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Who does the chores? Estimation of a household production function in Peru
... It is interesting to obtain the technical parameters of the production function. One way to do it is to compare the parameters in equations (8) and (9) with those in (5) and (6) and then solve for the ...
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Government Expenditure Financing in the Money in the Production Function Model
... In this study, we consider a scenario in which the government resorts to an income and inflation tax to finance its expenditures in the money-in-the- production-function model. We show that a financing ...
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Human Capital Production Function in Strategic Management
... Cost savings are hard decisions, but they are much easier to implement than effective organisation perfor- mance development. Cost savings may have negative consequences for revenue and profit, and those destructive ...
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