Distinguishing between Economies of Scale and Technical Progress
We show how economies of scale may be distinguished from technical progress and how both may be simultaneously identified in the empirical analysis of aggregate economic growth. Using the meta-production function framework and a cross-section of time-series macroeconomic data on inputs and outputs f...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
World Scientific Publishing
2022-03-01
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| Series: | International Journal of Empirical Economics |
| Subjects: | |
| Online Access: | https://www.worldscientific.com/doi/10.1142/S2810943022500019 |