Download or read book The Theory and Estimation of the CES Production Function written by Susan M. Hocking and published by . This book was released on 1968 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Essay on C E S Production Function Theory and Estimation written by Francisco Jorge Patino-Leal and published by . This book was released on 1971 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimation of CES Production function when There are More Than Two Inputs written by and published by . This book was released on 1972 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimation of the CES production function a comparison written by Rainer Thoss and published by . This book was released on 1967 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The normalized CES production function theory and empirics written by Rainer Klump and published by . This book was released on 2011 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Estimation of Ces Production function when There are More Than Two Inputs written by V. Mukerji and published by . This book was released on 1972 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Alternative Estimation of CES Production Function written by K. Venkatesu and published by LAP Lambert Academic Publishing. This book was released on 2014-01 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the present book Chapter-I is an introductory one. It states the main aims of the study and source of data about different variables . Chapter-II gives a survey of the literature about all the existing alternative methods of estimation of CES production function. It clearly shows how considerable research has been reported on the estimation of CES function. Chapter-III proposes an alternative method of estimation of CES production function using Kmenta's (1967) approach to the production function. Chapter-IV deals with the empirical investigation of the present study. It includes the empirical results about the estimates of parameters of CES production function using a time series data. Several References are listed in separate title of Bibilography.
Download or read book The CES Production Function with Its Estimation Techniques written by Chumphot Suwaphōn and published by . This book was released on 1976 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book On the Estimation of a Non neutral CES Production Function written by Y. (Yehuda) Kotowitz and published by Institute for Policy Analysis, University of Toronto. This book was released on 1968* with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Theory of Production and Cost written by Günter Fandel and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 415 pages. Available in PDF, EPUB and Kindle. Book excerpt: Production theory and the theory of cost both belong to the central areas of business administration, for all considerations concerning the economic organization of industrial manufacturing processes start from these. Two developments in the past 30 years have had a considerable influence on the structure and the concentration on points of emphasis in this book. I am referring to findings from KOOPMANS' activity analysis and to the formulation by GUTENBERG of a production function concept that focuses on industrial production processes. Activity analysis has made it possible to develop, from a uniform approach, different types of production functions which describe the concrete principles of production in the productive sector of a business enterprise; this has created a common basis for all production concepts in business administration. The Gutenberg Production Function with its different kinds of adjustment to a changing output has opened up a flexibility to theoretical and practical considerations that gave rise to a large number of additional studies in this area. Considerations in cost theory were in particular need of considerable extensions in the direction of cost minimal combined adjustment processes. By means of the organization of its contents, this book will take both approaches into due account. In that way, it is vastly different from other books dealing with the same subject. As a matter of course, traditional analytical methods and ways of thinking also constitute a large part of the book.
Download or read book Theory of Cost and Production Functions written by Ronald William Shephard and published by Princeton University Press. This book was released on 2016-04-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A sequel to his frequently cited Cost and Production Functions (1953), this book offers a unified, comprehensive treatment of these functions which underlie the economic theory of production. The approach is axiomatic for a definition of technology, by mappings of input vectors into subsets of output vectors that represent the unconstrained technical possibilities of production. To provide a completely general means of characterizing a technology, an alternative to the production function, called the Distance Function, is introduced. The duality between cost function and production function is developed by introducing a cost correspondence, showing that these two functions are given in terms of each other by dual minimum problems. The special class of production structures called Homothetic is given more general definition and extended to technologies with multiple outputs. Originally published in 1971. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Download or read book The Theory and Empirical Analysis of Production written by Murray Brown and published by . This book was released on 1967 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book New Trends in Macroeconomics written by Claude Diebolt and published by Springer Science & Business Media. This book was released on 2005-11-21 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text provides a new approach to the subject, including a comprehensive survey of novel theoretical approaches, methods, and models used in macroeconomics and macroeconometrics. The book gives extensive insight into economic policy, incorporates a strong international perspective, and offers a broad historical perspective.
Download or read book Essays on Production Function Estimation written by Mert Demirer and published by . This book was released on 2020 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first chapter develops a new method for estimating production functions with factor-augmenting technology and assesses its economic implications. The method does not impose parametric restrictions and generalizes prior approaches that rely on the CES production function. I first extend the canonical Olley-Pakes framework to accommodate factor-augmenting technology. Then, I show how to identify output elasticities based on a novel control variable approach and the optimality of input expenditures. I use this method to estimate output elasticities and markups in manufacturing industries in the US and four developing countries. Neglecting labor-augmenting productivity and imposing parametric restrictions mismeasures output elasticities and heterogeneity in the production function. My estimates suggest that standard models (i) underestimate capital elasticity by up to 70 percent (ii) overestimate labor elasticity by up to 80 percent. These biases propagate into markup estimates inferred from output elasticities: markups are overestimated by 20 percentage points. Finally, heterogeneity in output elasticities also affects estimated trends in markups: my estimates point to a much more muted markup growth (about half) in the US manufacturing sector than recent estimates. The second chapter develops partial identification results that are robust to deviations from the commonly used control function approach assumptions and measurement errors in inputs. In particular, the model (i) allows for multi-dimensional unobserved heterogeneity,(ii) relaxes strict monotonicity to weak monotonicity, (iii) accommodates a more flexible timing assumption for capital. I show that under these assumptions production function parameters are partially identified by an 'imperfect proxy' variable via moment inequalities. Using these moment inequalities, I derive bounds on the parameters and propose an estimator. An empirical application is presented to quantify the informativeness of the identified set. The third chapter develops an approach in which endogenous networks is a source of identification in estimations with network data. In particular, I study a linear model where network data can be used to control for unobserved heterogeneity and partially identify the parameters of the linear model. My method does not rely on a parametric model of network formation. Instead, identification is achieved by assuming that the network satisfies latent homophily - the tendency of individuals to be linked with others who are similar to themselves. I first provide two definitions of homophily: weak and strong homophily. Then, based on these definitions, I characterize the identified sets and show that they are bounded under weak conditions. Finally, to illustrate the method in an empirical setting, I estimate the effects of education on risk preferences and peer effects using social network data from 150 Chinese villages.
Download or read book Specification and Estimation of Multiple Output Production Functions written by G. Hasenkamp and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is intended as a contribution to applied work in production theory by treating: a) The measurement problems involved whenever several outputs are jointly produced, and b) The (possible) econometric framework for estimating production function parameters whenever (relative) prices vary sufficiently over the observations. Thus, the "pure" theory of production, and the theory of non-linear regression is not treated in sufficient detail: for these topics we refer to the available literature~ for a comprehensive list of references we refer to Uebe (1975). Some years ago, papers by L. J. Lau and W. E. Diewert initiated my interest in duality within production theory, and then I started to appreciate R. W. Shephard's fundamental contribution to this topic. This monograph is a (minor) revision of a Ph. D. dissertation submitted to the Department of Economics, The University of Wisconsin, Madison, in August 1973. The Graduate School and the Social Systems Research Institute provided funds for the reported computer work, Lawrence R. Klein and Laurits R. Christensen provided data, and as a Graduate Student I received financial support in form of an University Fellowship~ all this is very much appreciated. With some nostalgia I think back to the enjoyable period of learning during the preparation of my diFosertation~ I appreciate the spirit within the department, and the guidance of my committee Arthur S. Goldberger, Dennis J. Aigner, and Laurits R. Christensen.
Download or read book Estimation of Ces Production Functions for Us Manufacturing by Input output Sector written by Bruce T. Grimm and published by . This book was released on 1969 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tests conducted as part of the study indicate that the Leontief and Cobb-Douglas production functions are of limited worth in representing productive processes as industry aggregates.
Download or read book Special Issue on The CES Production Function in the Theory and Empirics of Economic Growth written by Rainer Klump and published by . This book was released on 2008 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:
