Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle
Abstract: The knowledge production function is central to research and development–based growth models. This paper empirically investigates the knowledge production function and intertemporal ...
3. The marginal product of input 1 derived from the production function y=min[az 1, bz 2], diminishes for increases in input 1. 4. If the average product is declining, then average total cost must be ...
66, No. 2, Oct., 1999 A Generalized Distance Function and the ... A Generalized Distance Function and the Analysis of Production Efficiency This is the metadata section. Skip to content viewer section ...
In contrast, the conventional estimators lead to biased estimates of the production function parameters when the underlying DGPs have spatial dependence structure, and the magnitudes of the bias ...
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