Cobb-Douglas Production Function: The Case of a Converging Economy

The Cobb-Douglas production function is often used to analyse the supply-side performance and measurement of a country’s productive potential. This functional form, however, includes the assumption of a constant share of labor in output, which may be too restrictive for a converging country. For example, labor share in the Czech Republic gradually increased over the last decade. In this paper, we test whether this fact renders the application of the Cobb-Douglas production function unreliable for the Czech economy. The authors apply a more general form of production function and allow labor share to develop according to the empirical data. For the period 1995–2005, the authors do not find significant difference between the calculation of the supply side of the Czech economy by the Cobb-Douglas production function and a more general production function.potential output, production function, labor share, total factor productivity

The Gyre, Volume lV Number 2, Winter 1968

https://digitalcommons.longwood.edu/special_studentpubs/1207/thumbnail.jp

Education, Genre et Transferts de fonds des migrants: Quelles interactions dans le Maroc rural ?

In this paper, we analyze the relationship between remittances and educational attainment in Morocco. We investigate how recipient households in Morocco decide to send their children to school.. We use newly survey data on the Souss-Massa-Draa region. Based on probit and instrumental variables estimates to control for endogeneity of remittances, we find a positive effect of remittances on the investments in education, especially for boys. Furthermore, the results show that family and community characteristics such as the level of parental education, the number of children enrolled in the household and the ICDH have a significant impact on the ability of households to support their children's education. They also show the importance of the child's sex in the educational success