Year 2009, Issue 102

Date published

5.8.2009

Table of content

  • Plamen Petkov
    ECONOMETRIC METHODS FOR EXAMINING OF THE AGGREGATE PRODUCTION FUNCTION – COMPARATIVE ANALYSIS
    Keywords: -
    Summary: - ... ... CONTENT Abbreviations and symbols used 9 INTRODUCTION 11 Chapter one NATURE AND BASIC PROPERTIES OF THE PRODUCTION FUNCTIONS 19 1.1. Nature of the production functions 19 1.2. Top and average productivity of the production functions 22 1.3. Analysis of the production functions through iso quanities 26 1.4. Return from the scale of the production 29 1.5. Elasticity of commutation of production factors 41 1.6. Production functions at examining of dynamic rows 48 Chapter two ECONOMETRIC MODELS OF THE PRODUCION FUNCTIONS 50 2.1. Linear production function 50 2.2. Leontieff’s production function 51 2.3. Kob Douglass production function 55 2.4. Production function of permanent elasticity of commutation of factors (CES-function) 59 2.5. Producton function of variable elasticity of commutation of factors (VES – function) 62 Chapter three FLEXIBLE ECONOMIC METHODS FOR EXAMINING OF THE AGGREGATED PRODUCTION FUNCTIONS 66 3.1. Criteria at selection of functional form for examining of aggregated production functions 66 3.2. Nature and classification of the flexible functional forms for economic metric examining of aggregated production functions 68 3.3. Criteria at determining of the most appropriate flexible form for econometric examination of Aggregated production functions 73 3.4. Transformation of Box-Cox as a flexible method for examination of the production function 84 3.5. The transcendental logarithmic (translog) approximation as a flexible method for examining of the production function 86 Chapter four ECONOMETRIC EXAMINE OF THE AGGREGATE PRODUCTION FUNCTION FOR BULGARIA 93 4.1. Statistic data: sources and preliminary processing 93 4.2. Direct approach for examine of the aggregate production function 95 4.3. Econometric examine of the production function through Box-Cox transformation 113 4.4. Econometric examine of the production function through translog of the approximation….. 129 CONCLUSION 156 APPENDIXES 164 REFERENCES 181 Abstract -