This paper gives an outline of evolution of the concept and econometrics of production function, which was one of the central apparatus of neoclassical economics. It shows how the famous Cobb-Douglas production function was indeed invented by von Thünen and Wicksell, how the Constant Elasticity...

This paper investigates into the factors responsible for variations in participation of economists of different countries in academic and professional activities reflected in their intellectual output. It is based on the data published by the Internet Documents in Economics Access Service...

Liberalization and globalization of the Indian economy in 1991 was not the outcome of expansion due to productive prowess seeking new markets or sources of inputs, but a culmination of the decadence within and the pressure without. It was fueled by a built-up of external debt that had left India...

This study investigates the structural changes in the manufacturing sector of India brought about by liberalization and globalization of the economy. Structural changes in terms of employment of labor and capital, indicated by replacement of the former by the latter, and changes in returns to...

This paper presents the findings from a study of the structural relationship between household income and consumption expenditure in the township of Kohima. It is based on the primary data collected from 209 households inhabiting 19 wards of the township. The paper investigates into the...

The enterprise of running private schools has, of late, assumed the nature of an industry in India. Ever-increasing population, a race for providing education to one’s children, degenerating quality of education in government-run schools, unlimited supply of educated youths ready to work at...