Estimation of a Production Function for Philippine Retail Stores
Jason Patalinghug ()
Economics, 2019, vol. 7, issue 1, 69-79
The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.
Keywords: production function; retail industry; Philippines (search for similar items in EconPapers)
JEL-codes: D24 L81 (search for similar items in EconPapers)
References: View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:7:y:2019:i:1:p:69-79:n:6
Access Statistics for this article
Economics is currently edited by Petar Đukić
More articles in Economics from Sciendo
Bibliographic data for series maintained by Peter Golla ().