ECONOMETRIC METHODS FOR EXAMINING OF THE AGGREGATE PRODUCTION FUNCTION – COMPARATIVE ANALYSIS
Authors
Keywords
-
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
-
Pages: 194
Price: 5 Points