58 research outputs found
Methodological issues in testing the marginal productivity theory
Get PDFPrevious tests of the marginal productivity theory have been criticized on several grounds reviewed by the authors. One important deficiency has been the small number of factor inputs entered in the production functions. In 1978 Gottschalk suggested a method to estimate production functions with many inputs by assuming that the production process can be split into subprocesses. This reduces the probability of multicollinearity. The authors show that the method depends on an additional assumption. Tinbergen has developed a method for avoiding this assumption. Its application to American cross-section (state) data did not alter the estimated coefficients greatly
FUNCTIONAL ECONOMIES OR ADMINISTRATIVE UNITS IN GREECE: WHAT DIFFERENCE DOES IT MAKE FOR POLICY?
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Adjustment costs in factor demand
No full textSIGLEAvailable from British Library Document Supply Centre-DSC:3597.9512(CEPR-DP--1371) / BLDSC - British Library Document Supply CentreGBUnited Kingdo
A time to make laws and a time to fundraise? On the relation between salaries and time use for state politicians
No full textFirms, Industries, and Unemployment Insurance: An Analysis using Employer–Employee Data
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