Translog Production Function - A Review of Literature

Over the last fifty years an extensive amount of literature has developed centering around the theory of production. Earlier research work in this area concentrated largely on a few specific functional forms for the production relationship, the two most popular being the Cobb-Douglas and CES models (Cobb-Douglas (1928) and Arrow and others (1961). The CES form has shown considerable flexibility in modelling the technology for a firm producing a single output using two inputs.