Production Functions Estimates for Soviet Industry and Some Implications

Oldrich Kyn (), Hans-Juergen Wagener and Joerg Hocke
Additional contact information
Hans-Juergen Wagener: Europa Universitat Viadrina, Frankfurt Oder
Joerg Hocke: ----

Econometrics from University Library of Munich, Germany

Abstract: This study presents estimation of production functions for the Soviet industry from the 1951—1970 data. Different specifications and estimation procedures were tried. The results diverged on a wide range and this may have serious implications. The paper shows possible effects of different parameter estimates on the growth potential of the Soviet industry as represented by a steady state growth rate according to a very simple neo-classical model. This does not necessarily imply that such a model is truly representative of the Soviet-type economy, however, the growth potential can very well serve to demonstrate the difficulties stemming from the errors in estimated parameters.

Keywords: Production Function; Cobb-Douglas; CES; Growth Model (search for similar items in EconPapers)
JEL-codes: C1 C2 C3 C4 C5 C8 (search for similar items in EconPapers)
Date: 2005-11-03
New Economics Papers: this item is included in nep-tra
Note: Type of Document - doc
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econwpa.ub.uni-muenchen.de/econ-wp/em/papers/0511/0511003.doc (application/msword)

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:wpa:wuwpem:0511003

Access Statistics for this paper

More papers in Econometrics from University Library of Munich, Germany
Bibliographic data for series maintained by EconWPA ( this e-mail address is bad, please contact ).