GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE
The purpose of this paper is to generalize the operation of Cobb-Douglas type production, thus achieving the interdependence between the resources used and the manufacturing factors in the production process. To achieve the proposed goal, we have independent variables as input variables and variab...
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| Format: | Article |
| Language: | English |
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Editura Univeristatii "Stefan cel Mare" din Suceava
2021-12-01
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| Series: | USV Annals of Economics and Public Administration |
| Subjects: | |
| Online Access: | http://annals.feaa.usv.ro/index.php/annals/article/view/1342/1087 |
| _version_ | 1828402784288899072 |
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| author | Anamaria Geanina MACOVEI |
| author_facet | Anamaria Geanina MACOVEI |
| author_sort | Anamaria Geanina MACOVEI |
| collection | DOAJ |
| description | The purpose of this paper is to generalize the operation of Cobb-Douglas type production, thus achieving the
interdependence between the resources used and the manufacturing factors in the production process. To achieve the
proposed goal, we have independent variables as input variables and variables dependent on this output variable. The
input variables are the resources used and the factors of production, and the output variable is the production function.
The established results consist in generalizing the Cobb-Douglas-type production function, determining the dependent
variable elasticities in relation to each independent variable and marginal productivity, going through the steps of the
least squares method and obtaining the coefficients of the Cobb-Douglas-type production function. These analyzes are
essential in large econometrics and are useful for researchers who want to use more influencing factors (inputs) in econometric analysis |
| first_indexed | 2024-12-10T10:08:19Z |
| format | Article |
| id | doaj.art-a7cab37f588a4250b0babd2e361df64c |
| institution | Directory Open Access Journal |
| issn | 2285-3332 2344-3847 |
| language | English |
| last_indexed | 2024-12-10T10:08:19Z |
| publishDate | 2021-12-01 |
| publisher | Editura Univeristatii "Stefan cel Mare" din Suceava |
| record_format | Article |
| series | USV Annals of Economics and Public Administration |
| spelling | doaj.art-a7cab37f588a4250b0babd2e361df64c2022-12-22T01:53:12ZengEditura Univeristatii "Stefan cel Mare" din SuceavaUSV Annals of Economics and Public Administration2285-33322344-38472021-12-012134193200GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPEAnamaria Geanina MACOVEI0“Ştefan cel Mare” University of Suceava, RomaniaThe purpose of this paper is to generalize the operation of Cobb-Douglas type production, thus achieving the interdependence between the resources used and the manufacturing factors in the production process. To achieve the proposed goal, we have independent variables as input variables and variables dependent on this output variable. The input variables are the resources used and the factors of production, and the output variable is the production function. The established results consist in generalizing the Cobb-Douglas-type production function, determining the dependent variable elasticities in relation to each independent variable and marginal productivity, going through the steps of the least squares method and obtaining the coefficients of the Cobb-Douglas-type production function. These analyzes are essential in large econometrics and are useful for researchers who want to use more influencing factors (inputs) in econometric analysishttp://annals.feaa.usv.ro/index.php/annals/article/view/1342/1087cobb-douglas type production functionproduction factorselasticitymarginal productivity |
| spellingShingle | Anamaria Geanina MACOVEI GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE USV Annals of Economics and Public Administration cobb-douglas type production function production factors elasticity marginal productivity |
| title | GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE |
| title_full | GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE |
| title_fullStr | GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE |
| title_full_unstemmed | GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE |
| title_short | GENERALIZATION OF THE PRODUCTION FUNCTION OF COBB-DOUGLAS TYPE |
| title_sort | generalization of the production function of cobb douglas type |
| topic | cobb-douglas type production function production factors elasticity marginal productivity |
| url | http://annals.feaa.usv.ro/index.php/annals/article/view/1342/1087 |
| work_keys_str_mv | AT anamariageaninamacovei generalizationoftheproductionfunctionofcobbdouglastype |