Quarterly Journal of Economics Vol. 71 No. 4 1957
The Meaning of the Fitted Cobb-Douglas Function
Abstract
I. The claim to consideration, 546; four striking features of the findings, 547. — II. The fit to time series, 548; results depend on historical rates of growth, 550. — III. The fit to cross sections, 552; the effect of predominantly equal proportionate changes in labor-force, capital, and net value product between one industry and another, 553; a systematic relation between interindustry differences in net value product and those in the proportionate combination of factors, 555; its possible explanation, 556. — IV. Conclusion, 558.
- DOI
- 10.2307/1885710
- Volume
- 71
- Issue
- 4
- Pages
- 546
- Sources
- openalex crossref