Journal ArticleDOI
Parametric Productivity Measurement and Choice Among Flexible Functional Forms
Ernst R. Berndt,Mohammed Khaled +1 more
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In this article, a nonhomothetic, nonneutral generalized Box-Cox cost function is employed which takes on the generalized Leontief, generalized square-root quadratic, and translog cost functions as special or limiting cases.Abstract:
This paper formulates and estimates a model of producer behavior for U.S. manufacturing 1947-71 that simultaneously identifies substitution elasticities, scale economies, and the rate and bias of technical change. A nonhomothetic, nonneutral generalized Box-Cox cost function is employed which takes on the generalized Leontief, generalized square-root quadratic, and translog cost functions as special or limiting cases. Total factor productivity is estimated parametrically rather than being computed as the residual of growth in outputs minus growth in inputs. We find substantial economies of scale and relatively little technological change.read more
Citations
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Journal ArticleDOI
On Approximating the Statistical Properties of Elasticities
Itzhak Krinsky,A. Leslie Robb +1 more
Journal ArticleDOI
Learning curves in manufacturing.
Linda Argote,Dennis Epple +1 more
TL;DR: In this article, the authors found that organizations vary considerably in the rates at which they learn and that the reasons for the variation observed in organizational learning curves include organizational forgetting, employee turnover, transfer of knowledge from other products and other organizations, and economies of scale.
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Learning Curves In Manufacturing
Linda Argote,Dennis Epple +1 more
TL;DR: Organizations vary considerably in the rates at which they learn, and reasons for the variation observed in organizational learning curves include organizational "forgetting," employee turnover, transfer of knowledge from other products and other organizations, and economies of scale.
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Flexible Functional Forms and Global Curvature Conditions
W. Erwin Diewert,Terence Wales +1 more
TL;DR: In this article, the authors developed two methods for imposing curvature conditions globally in the context of cost function estimation, based on a generalization of a functional form first proposed by McFadden.
ReportDOI
Flexible Functional Forms and Global Curvature Conditions
W. Erwin Diewert,Terence Wales +1 more
TL;DR: In this paper, the authors developed two methods for imposing curvature conditions globally in the context of cost function estimation, based on a generalization of a functional form first proposed by McFadden.
References
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Book
Principles of Economics
TL;DR: In this article, the authors present a survey of the general relations of demand, supply, and value in terms of land, labour, capital, and industrial organization, with an emphasis on the fertility of land.
Book ChapterDOI
The Economic Implications of Learning by Doing
TL;DR: It is by now incontrovertible that increases in per capita income cannot be explained simply by increases in the capital-labor ratio as mentioned in this paper, and that knowledge is growing in time.
Journal ArticleDOI
Transcendental logarithmic production frontiers
TL;DR: Ebsco as mentioned in this paper focuses on additive and homogeneous production possibility frontiers that have played an important role in formulating statistical tests of the theory of production and characterizes the class of production possibility frontier that are homogeneous and additive.
Journal ArticleDOI
Technology, Prices, and the Derived Demand for Energy
Ernst R. Berndt,David O. Wood +1 more
TL;DR: In this article, an industrial demand for energy is essentially a derived demand: the firm's demand for the energy is an input, derived from demand for a firm's output, which is an output.