Add to ORKGStandard postulates concerning the aggregate production function are about marginal productivities- and the associated demand of labor and capital- which are to be negatively related to factor prices, namely the wage rate and the profit rate. The theoretical cases in which these neoclassical properties do not hold are regarded as anomalies. We compute the aggregate values for capital, production and labour and find that the neoclassical postulates do not hold for the whole dataset under consideration
Constant returns to scale is a central construct of neoclassical theory. Previous studies argued tha...
In this paper we consider a simple version of the neoclassical growth model, and carry out an empiri...
The Cambridge debate of the 1960s showed conclusively that the aggregation of capital, so as to obta...
This paper shows why attempts to test the neoclassical aggregate marginal productivity theory of di...
The aggregate production function is a fundamental neoclassical construct. At the theoretical level,...
Aggregate production functions are still widely used four decades after it was conceded that they co...
El artículo discute la validez teórica de la relativamente reciente premisa neoclásica que postula q...
The Cobb-Douglas function is today one of the most widely-adopted assumptions in economic modeling, ...
The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, y...
Abstract: It has long been shown that, because of the aggregation problem and the Cambridge Capital ...
ABSTRACT Over the last twenty years or so, mainstream economists have become more interested in spat...
ABSTRACT In an article in the 2006 volume of this Review, Temple presented a defence of the use of t...
The aggregate supply and demand model (AS-AD) posited by Keynes in the General Theory and elaborated...
The paper explores the theory of the aggregate price and profit in Keynes's Treatise for its implica...
The literature on aggregation has shown that the conditions for successful aggregation of micro prod...
Constant returns to scale is a central construct of neoclassical theory. Previous studies argued tha...
In this paper we consider a simple version of the neoclassical growth model, and carry out an empiri...
The Cambridge debate of the 1960s showed conclusively that the aggregation of capital, so as to obta...
This paper shows why attempts to test the neoclassical aggregate marginal productivity theory of di...
The aggregate production function is a fundamental neoclassical construct. At the theoretical level,...
Aggregate production functions are still widely used four decades after it was conceded that they co...
El artículo discute la validez teórica de la relativamente reciente premisa neoclásica que postula q...
The Cobb-Douglas function is today one of the most widely-adopted assumptions in economic modeling, ...
The CobbDouglas function is today one of the most widely adopted assumptions in economic modeling, y...
Abstract: It has long been shown that, because of the aggregation problem and the Cambridge Capital ...
ABSTRACT Over the last twenty years or so, mainstream economists have become more interested in spat...
ABSTRACT In an article in the 2006 volume of this Review, Temple presented a defence of the use of t...
The aggregate supply and demand model (AS-AD) posited by Keynes in the General Theory and elaborated...
The paper explores the theory of the aggregate price and profit in Keynes's Treatise for its implica...
The literature on aggregation has shown that the conditions for successful aggregation of micro prod...
Constant returns to scale is a central construct of neoclassical theory. Previous studies argued tha...
In this paper we consider a simple version of the neoclassical growth model, and carry out an empiri...
The Cambridge debate of the 1960s showed conclusively that the aggregation of capital, so as to obta...