Implementation of the cobba doughlas model in the development of the economy

Rustamova Mekhrigiyo

GREEN ECONOMY AND DEVELOPMENT, 2024, vol. 2

Abstract: This article presents information about the Cobb-Douglas model, one of the production functions. The parametersof the gross domestic product function were estimated based on the statistical data provided in the Minitab program. Also,a prediction of the volume of the gross domestic product is given at certain values of the amount of capital spent onproduction and the amount of labor force involved in production.

Keywords: Minitab; Cobb-Douglas; production function; gross domestic product; labor force; capital; regression equation; elasticity; logarithm. (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:teu:ged000:v:2:y:2024:id:3517

DOI: 10.5281/zenodo.14293170

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