Arguably therefore, the production functions used in economic theory—whether spouted by mainstream Neoclassical or non-orthodox Post Keynesians—deserve to “collapse in deepest humiliation”.

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 ...

Herongate Horses's production function is given by: F(z 1, z 2) = (1/4)z 1 z 2. a). Does Herongate Horses's production function exhibit constant, increasing, or decreasing returns to scale? Explain ...

The knowledge production function is central to R&D-based growth models. This paper empirically investigates the knowledge production function and intertemporal spillover effects using cointegration ...

The productivity of an organization thus depends on the quality and quantity of outputs relative to inputs. Figure 2.1 visualizes the different components of our production function for public ...

Relating the Knowledge Production Function to Total Factor Productivity: An Endogenous Growth Puzzle Yasser Abdih and Frederick Joutz Full Text of this Article (PDF 216K). Abstract: The knowledge ...