- PII
- S042473880000616-6-1
- DOI
- 10.7868/S0000616-6-1
- Publication type
- Article
- Status
- Published
- Authors
- Volume/ Edition
- Volume 52 / Issue 2
- Pages
- 112-128
- Abstract
- The article discusses the aggregation of production functions (PF). It is shown that consistent aggregation of PF is possible only in very special cases. A statistical aggregation method is suggested. It allows to synthesize new kinds of macroeconomic PF. Macroeconomic PF for the US economy based on industrial Cobb-Douglas PF with a normal distribution parameters is constructed and investigated. For the Russian economy the aggregate PF obtained on the basis of sectoral and regional Cobb-Douglas PF. It is shown that in case of scarcity of statistical data the more correct estimations of the aggregate PF for Russia may be derived using regional PF.
- Keywords
- production function, consistent aggregation, statistical approach
- Date of publication
- 01.04.2016
- Year of publication
- 2016
- Number of purchasers
- 1
- Views
- 953
RAS Social ScienceЭкономика и математические методы Economics and the Mathematical Methods
- ISSN (Print) 0424-7388
- ISSN (Online) 3034-6177
STATISTICAL METHOD OF PRODUCTION FUNCTIONS AGGREGATION
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Higher Attestation Commission
At the Ministry of Education and Science of the Russian Federation
Scientific Electronic Library