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-Douglas function but also point towards an alternative interpretation of phenomena such as the way monetary policy impacts productivity …
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The development process and technological improvements since the industrial revolution are characterized by substantial increases in the quantity and variety of tools/machines/materials adopted in production. It is difficult to reject empirically that proliferation of tools variety is the...
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marginal productivity theory of income distribution (MPTID) and the aggregate production function (APF). However, this paper … static concept of marginal productivity and confusing the concept of CRS with the fact that the sum of all factor's income …
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The Cobb-Douglas production function (henceforth, "CDPF") is a widespread and useful tool in growth theory. However … axiomatic/geometrical approach, we show that sector-level CDPFs are not consistent with standard theory axioms and long …
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