In this paper we consider some properties of the various production functions. One of the key points in the construction of empirical production functions is the choice of functional form. It is important to note What assumptions and limitations associated with the use of a functional form for...

In estimating production functions of the researcher is faced with a number of problems, which in the most general form, can be divided into two groups: the problems associated with most econometric estimation techniques, and problems of measurement factors. In the econometric estimation of...

The production function is one of the basic concepts of economic theory. As a basis for modeling the behavior of enterprises used in the production functions quite a wide range of economic issues, where the explicit or implicit form is required to establish correspondence between the...