This paper is mainly concerned with measuring absolute and relative roles of diffusion of advanced technology and capital deepening in economic growth. The results obtained suggest an inverse U-shape relationship between productivity growth rates and levels of economic development. These results...

Here, Kaldor's technical function is re-examined and a model that can be used to test the shape of the function is introduced and tested. The results obtained conclusively refute the hypothesis that suggests the technical progress function is linear and confirm Kaldor's original hypothesis that...

The disaggregate results reported here show that the marginal costs are increasing over time and, therefore, the main foundation of the law of supply is still valid. This implies that some other explanation has to be found to explain why firms bunch rather than smooth production.

This paper is mainly concerned with estimating appropriate production functions for the Chinese economy using provincial data, 1973-89. It is hoped that the results obtained would help to assess the variabilities in the scale elasticity, elasticity of substitution as technical progress over...

This paper is mainly concerned with estimating an appropriate production function for the Chinese industry using provincial data. The estimated equations suggest that the appropriate production function is a Cobb-Douglas which reveals statistically significant economies of scale. The results...

The results reported here show that the aggregate figures used in the literature are not adequate to analyse the behaviour of inventories over time. Researchers can obtain more reliable and useful results if they investigate the inventories-sales behaviour at disaggregate level. The disaggregate...

In this paper the theory of technical progress functions is briefly examined and its appropriate shape is tested. The main conclusion reached is that linearity is not supported by the data.

The Gauss-Newton regression (GNR) tests for autoregressive (AR) processes are based on the asymptotic theory. Consequently, their finite sample properties are not known. The objective of this paper is to remedy this by undertaking a Monte Carlo study. It is hoped that the results reported will...

The main objective of this short paper is to measure the impact of increases in total, federal and state government expenditures on private investment in the USA. For this purpose a framework based on a variable elasticity approach is used and tested. The results obtained conclusively support...