Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...
The per worker production function attempts to model how much a single employee will produce based on either land available or capital invested. The Malthusian model bases it solely on land while the ...
1 School of Medicine and Health Management, Tongji Medical College, Huazhong University of Science and Technology, Wuhan, Hubei, China 2 The Center for Modern Chinese City Studies & School of Urban ...
1. If marginal product is decreasing, then average product must also be decreasing. 2. For a fixed-proportion technology, inputs cannot be substituted for each other in production. 3. The marginal ...
1 Faculty of Political Science and Economics, Waseda University, Tokyo, Japan. 2 Faculty of Economics, Toyo University, Tokyo, Japan. In this study, we consider a scenario in which the government ...
This project implements a sophisticated econometric analysis toolkit for estimating and analyzing Cobb-Douglas production functions using real-world economic data. It combines World Bank data ...
Some results have been hidden because they may be inaccessible to you
Show inaccessible results
Feedback