1. How Sound Are The Foundations Of The Aggregate Production Function?
How Sound are the Foundations of the Aggregate Production Function? Abstract: The aggregate production function has been subject to a number of criticisms ever since its first empirical estimation by Cobb and Douglas in the 1920s, notably the problems raised by aggregation and the Cambridge Ca...
- Word Count: 11086
- Approx Pages: 44
- Has Bibliography
- Grade Level: Undergraduate