Testing the Fit of Cobb-Douglass Production Function Within Unrestricted Least Squares
<p>Criticisms trailed Cobb-Douglass production model and its constant returns to Scale assumption after its application in America Economy in 1927. Studies using restricted least squares approach to validate the model have produced different results in different economies. The question this pa...
| Main Authors: | , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2018-05-01
|
| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/5544 |