For a while, some economists tried to claim that business cycles are the result of significant changes in technology. The ...

Multi-factor productivity (MFP) in 2024 is estimated to have decreased by 0.6% compared with a year ago and by 0.7% compared with 2019; this contrasts with trend growth in MFP of around 1.8% per year ...

Abstract: Global environmental and social issues have led to a fundamental reevaluation of the activities of the global community, particularly in the field of economic and business activities. In ...

This paper decomposes agricultural input factors into labor, land, fertilizer, and farm machinery in 31 provinces of China from 1990 to 2020. This paper analyzes the input factor’s contribution rates ...

Economic production is organized in supply chain networks. The resilience of supply chains is, therefore, crucial for robust economic growth. Governments have discussed policies to improve the ...

Abstract: When using the Cobb-Douglas (C-D) production function to measure the contribution rate of agricultural technological progress (ATP), it is necessary to estimate the output elasticity ...

Elasticity of substitution measures the ease with which one can switch between factors of production. The concept has a broad range of applications. For example, it can be used to compare labour and ...

A Cobb-Douglas production function models the relationship between output and production inputs (also known as factor inputs). It is used to calculate ratios of inputs to one another for efficient ...

Smart citations by scite.ai include citation statements extracted from the full text of the citing article. The number of the statements may be higher than the number of citations provided by ACS ...

ABSTRACT: Some results in growth theory based on the Cobb-Douglas production function model are generalized when the production function is chosen to be the Constant Elasticity of Substitution (CES) ...