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In this paper we focus on specification of revenue functions in their dual price space. We consider two distance functions, both dual to the revenue function: Shephard output distance function and the directional output distance function, both in price space. The former is multiplicative,...
Persistent link: https://www.econbiz.de/10003751214
To better understand the complexities of industrialtechnology, an examination of existing research and development (R&D)growth models is conducted and a new model is provided. Industrial technologyis composed of three elements: a fundamental technology base, proprietarymarket applications...
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2003. Als alternative Funktionsformen wurden verschiedene Spezialfälle auf Basis der Translog- Produktionsfunktion … unrestringierte Translog-Produktionsfunktion neoklassischen Produktionsfunktionen vorzuziehen ist. Aufgrund der besonderen Situation ….T. irreführend, die Produktionstechnologie durch eine neoklassische Produktionsfunktion zu beschreiben. So wird für den Faktor Arbeit …
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literatures, states that joint identification of the elasticity of capital-labor substitution and technical bias is infeasible …
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Recent econometric analyses of growth in industrialized countries reveal that energy?s elasticity of production systematically exceeds its factor cost share, whereas for labor the opposite holds. The paper reviews these analyses that reflect the observed direction of technological change towards...
Persistent link: https://www.econbiz.de/10010263196
of the Constant Ratio of Elasticities of Substitution form, a form nesting the broadly used Constant Elasticity of … Substitution form. This model provides a way to evaluate how stringent assumptions about the type of production function or …
Persistent link: https://www.econbiz.de/10010268825