The Aggregate Production Function and the Measurement of Technical Change

Jesus Felipe () and John McCombie

in Books from Edward Elgar Publishing

Abstract: This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.

Keywords: Economics and Finance; Innovations and Technology (search for similar items in EconPapers)
JEL-codes: B5 (search for similar items in EconPapers)
Date: 2013
ISBN: 9781840642551
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (49)

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Chapters in this book:

Ch 1 Some problems with the aggregate production function , pp 21-44

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Ch 2 The aggregate production function: behavioural relationship or accounting identity? , pp 45-98

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Ch 3 Simulation studies, the aggregate production function and the accounting identity , pp 99-132

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Ch 4 ‘Are there laws of production?’ The work of Cobb and Douglas and its early reception , pp 133-159

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Ch 5 Solow’s ‘Technical Change and the Aggregate Production Function’, and the accounting identity , pp 160-190

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Ch 6 What does total factor productivity actually measure? Further observations on the Solow model , pp 191-212

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Ch 7 Why are some countries richer than others? A sceptical view of Mankiw–Romer–Weil’s test of the neoclassical growth model , pp 213-233

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Ch 8 Some problems with the neoclassical dual- sector growth model , pp 234-251

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Ch 9 Is capital special? The role of the growth of capital and its externality effect in economic growth , pp 252-265

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Ch 10 Problems posed by the accounting identity for the estimation of the degree of market power and the mark-up , pp 266-283

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Ch 11 Are estimates of labour demand functions mere statistical artefacts? , pp 284-310

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Ch 12 Why have criticisms of the aggregate production function generally been ignored? On further misunderstandings and misinterpretations of the implications of the accounting identity , pp 311-346

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