On the Measurement of Aggregate Production Functions

Mo-huan Hsing

Cambridge Journal of Economics, 1992, vol. 16, issue 4, 463-74

Abstract: The present paper is addressed to a basic issue concerning the measurement of aggregate production functions using the method of measurement employed in Robert Solow's 1957 paper as an illustration. The author finds that if technical change is appropriately accounted for so as to be consistent with the neutrali ty and homogeneity hypotheses, what would obtain, both analytically and empirically, is not a curved production function bu t an output identity with base-period weights. This suggests that the empirical relevance of the orthodox production theory is suspect. Copyright 1992 by Oxford University Press.

Date: 1992
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
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:oup:cambje:v:16:y:1992:i:4:p:463-74

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().