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The tool of production function in the development of Ukraine's economy

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  • S. Shumska

Abstract

The author analyzes the peculiarities and problems in the construction of production function (PF) for the transition economies. She justifies the possibility to use the PF apparatus to describe the Ukraine's transition economy, and presents the main steps in the construction of Cobb-Douglas production function for Ukraine's economy, i.e. the stages of preliminary analysis, specification and parameterization.

Suggested Citation

  • S. Shumska, 2007. "The tool of production function in the development of Ukraine's economy," Economy and Forecasting, Valeriy Heyets, issue 4, pages 104-123.
    • Handle: RePEc:eip:journl:y:2007:i:4:p:104-123
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    File URL: http://eip.org.ua/docs/EP_07_4_104_uk.pdf
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