Investment Functions: Which Production Function?
In this paper, an approximation is suggested whereby the alternative C.E.S. form can be fitted as a number of additional corrections to the final expression associated with the Cobb-Douglas form. Some numerical results are tabulated, and these indicate that, for the British Economy at least, the specification of a Cobb-Douglas form for the production function is inappropriate.
Year of publication: |
1969-11
|
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Authors: | Rowley, J.C.R. |
Institutions: | Economics Department, Queen's University |
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