Ebook: The aggregate production function and the measurement of technical change: 'not even wrong'
Author: Felipe Jesus, McCombie J. S. L
- Tags: Makroökonomie, Production functions (Economic theory), Produktionsfunktion, Technische Innovation, Makroökonomie
- Year: 2015
- Publisher: Edward Elgar
- City: Cheltenham
- Language: English
- pdf
1. Some problems with the aggregate production function -- 2. The aggregate production function : behavioural relationship or accounting identity? -- 3. Simulation studies, the aggregate production function, and the accounting identity -- 4. 'Are there laws of production?' : the work of Cobb and Douglas and its early reception -- 5. Solow's 'technical change and the aggregate production function', and the accounting identity -- 6. What does total factor productivity actually measure? : further observations on the Solow model -- 7. Why are some countries richer than others? : a sceptical view of Mankiw-Romer-Weil's test of the neoclassical growth model -- 8. Some problems with the neoclassical dual-sector growth model -- 9. Is capital special? : the role of the growth of capital and its externality effect in economic growth -- 10. Problems posed by the accounting identity for the estimation of the degree of market power and the mark-up -- 11. Are estimates of labour demand functions mere statistical artefacts?
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