A Stochastic Approach to the Cobb-Douglas Production Function

Constantin Chilarescu and Nicolas Vaneecloo ()
Additional contact information
Nicolas Vaneecloo: Department of Economics, University of Lille 1

Economics Bulletin, 2007, vol. 3, issue 9, 1-8

Abstract: This paper presents a stochastic approach to the theory of aggregateproduction function, based on the theory of stochastic differentialequations. The main result is that under certain restrictions the productionfunction converges from below to the Cobb-Douglas functionproviding further support for the conclusion drawn by Jones (2005).

Keywords: Partial; differential; equations (search for similar items in EconPapers)
JEL-codes: C2 D2 (search for similar items in EconPapers)
Date: 2007-03-12
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.accessecon.com/pubs/EB/2007/Volume3/EB-06C20080A.pdf (application/pdf)

Related works:
Working Paper: A stochastic approach to the Cobb-Douglas Production Function (2007)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ebl:ecbull:eb-06c20080

Access Statistics for this article

More articles in Economics Bulletin from AccessEcon
Bibliographic data for series maintained by John P. Conley ().