Since 2014
The Aggregate Production Function and the Measurement of Technical Change: ‘Not Even Wrong’
Applied Economics Journal
View Archive Info| Field | Value | |
| Title |
The Aggregate Production Function and the Measurement of Technical Change: ‘Not Even Wrong’
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| Creator |
Eichert, Wolfgang; Institute of Economics Economics Club Graz University of Graz, Austria |
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| Subject |
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| Description |
Although commonly used in economic research, the concept of the aggregate production function is extremely problematic. First, it lacks sound theoretical foundations, and second, its use in applied work faces the insurmountable problem that the output and input data used are linked through an accounting identity. This book discusses these flaws using examples from well-known applications in the literature.
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| Publisher |
The Center for Applied Economics Research (CAER)
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| Contributor |
—
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| Date |
2016-05-20
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Non-referee Book Review |
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| Format |
application/pdf
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| Identifier |
http://www.tci-thaijo.org/index.php/AEJ/article/view/57247
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| Source |
Applied Economics Journal; Vol 21, No 2 (2014): DECEMBER; 100-104
0858-9291 |
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| Relation |
http://www.tci-thaijo.org/index.php/AEJ/article/view/57247/47452
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| Rights |
Copyright (c) 2016 Applied Economics Journal
http://creativecommons.org/licenses/by-nc-nd/4.0 |
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