This study introduces and tests a new CES production function approach using data from five major branches of the Soviet industrial sector. The estimated equations obtained suggest that the Cobb-Douglas production function is the appropriate production function for all branches under...

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...

In this paper, the author provides estimates of the rate of technical progress and the degree of returns to scale experienced by the nine major branches of Soviet industry. The results reveal that different production functio ns (the Cobb-Douglas, CES, and Kmenta approximation) and different es...

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...