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Econometrics
C/E/714. Cobb-Douglas model of production function
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- 1800
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- DATE:
- 2011
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The paper looks at the econometric model of production function proposed by Cobb-Douglas demonstrating the relationship of two factors, capital and labour. The model is explained and applied to regression analysis arguing whether an economy is more dependent on labour input or on capital input.
KEYWORDS: Cobb-Douglas model, production function, capital and labour, regression analysis,
Other Papers On: Econometrics
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