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Why the interpretation of the Cobb-Douglas production function must be radically changed

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  • Labini, Paolo Sylos
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    File URL: http://www.sciencedirect.com/science/article/B6VFN-3YYTWTM-4/2/0bd43c4945e7887bd2cf8caf27b96476
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    Bibliographic Info

    Article provided by Elsevier in its journal Structural Change and Economic Dynamics.

    Volume (Year): 6 (1995)
    Issue (Month): 4 (December)
    Pages: 485-504

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    Handle: RePEc:eee:streco:v:6:y:1995:i:4:p:485-504

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    Web page: http://www.elsevier.com/locate/inca/525148

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Paul M. Romer, 1987. "Crazy Explanations for the Productivity Slowdown," NBER Chapters, in: NBER Macroeconomics Annual 1987, Volume 2, pages 163-210 National Bureau of Economic Research, Inc.
    2. Paul H. Douglas, 1967. "Comments on the Cobb-Douglas Production Function," NBER Chapters, in: The Theory and Empirical Analysis of Production, pages 15-22 National Bureau of Economic Research, Inc.
    3. Harcourt,G. C., 1972. "Some Cambridge Controversies in the Theory of Capital," Cambridge Books, Cambridge University Press, number 9780521096720, October.
    4. Simon, Herbert A, 1979. " On Parsimonious Explanations of Production Relations," Scandinavian Journal of Economics, Wiley Blackwell, vol. 81(4), pages 459-74.
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    Cited by:
    1. Alessandro Roncaglia, 2006. "Paolo Sylos Labini, 1920-2005," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 59(236), pages 3-21.
    2. Jesus Felipe & J. S. L. McCombie, 2004. "On The Rental Price Of Capital And The Profit Rate: The Perils And Pitfalls Of Total Factor Productivity Growth," CAMA Working Papers 2004-10, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Jesus Felipe & Carsten Holz, 2001. "Why do Aggregate Production Functions Work? Fisher's simulations, Shaikh's identity and some new results," International Review of Applied Economics, Taylor & Francis Journals, vol. 15(3), pages 261-285.
    4. repec:ebl:ecbull:v:3:y:2007:i:9:p:1-8 is not listed on IDEAS
    5. Jesus Felipe, 2005. "Aggregate Investment In The People'S Republic Of China: A Comment," CAMA Working Papers 2005-17, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    6. Jesus Felipe & J. S. L. McCombie, 2005. "How Sound are the Foundations of the Aggregate Production Function?," Eastern Economic Journal, Eastern Economic Association, vol. 31(3), pages 467-488, Summer.
    7. Felipe, J., 2003. "Sustainable development: a comment," Estudios de Economía Aplicada, Estudios de Economía Aplicada, vol. 21, pages 575-581, December.
    8. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    9. Luigi L. Pasinetti, 2000. "Critique of the neoclassical theory of growth and distribution," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 53(215), pages 383-431.
    10. Morroni, Mario, 2014. "Production of commodities by means of processes," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 5-18.
    11. Guarini, Giulio, 2009. "Innovation and growth in the Grossman-Helpman’s model with increasing returns: a note," MPRA Paper 19612, University Library of Munich, Germany.
    12. Constantin Chilarescu & Nicolas Vaneecloo, 2007. "A Stochastic Approach to the Cobb-Douglas Production Function," Economics Bulletin, AccessEcon, vol. 3(9), pages 1-8.
    13. Marcella Corsi & Carlo D'Ippoliti, 2013. "The productivity of the public sector: A Classical view," PSL Quarterly Review, Economia civile, vol. 66(267), pages 403-434.

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