Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

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Unproductive Production Function:Cobb-Douglas Production Function Revisited


Affiliations
1 Presidency University, Kolkata 700073, west Bengal, India
2 Department of Economics, Presidency University, Kolkata 700073, West Bengal, India
     

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Some major problems associated with production function analysis of survey data are reviewed in this paper in the hope that it will offer impetus to research work. Problems arise in the treatment of capital, aggregation of inputs and outputs, aggregation of functional relationship, specification of the function and statistical estimation. These problems hitherto have not been resolved and doubts remain regarding the validity of farm-level-production function analysis.
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  • Unproductive Production Function:Cobb-Douglas Production Function Revisited

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Authors

Pulak Chandra Majumdar
Presidency University, Kolkata 700073, west Bengal, India
Amitava Chatterjee
Department of Economics, Presidency University, Kolkata 700073, West Bengal, India

Abstract


Some major problems associated with production function analysis of survey data are reviewed in this paper in the hope that it will offer impetus to research work. Problems arise in the treatment of capital, aggregation of inputs and outputs, aggregation of functional relationship, specification of the function and statistical estimation. These problems hitherto have not been resolved and doubts remain regarding the validity of farm-level-production function analysis.

References





DOI: https://doi.org/10.21648/arthavij%2F2016%2Fv58%2Fi1%2F121273