An empirical estimation of regional production functions for the U.S. manufacturing industry
AbstractFive different production functions for 50 states and the District of Columbia in the U.S. are estimated and compared based on the 1987 data from the Census of Manufacturers. The Cobb-Douglas function can be rejected. The CES yields a negative value of the elasticity of substitution (). In the translog function, the coefficient of logKt has a wrong sign and is insignificant. The coefficient of Kt0.5Lt0.5 in the generalized Leontief function is insignificant at the 5% level. It appears that the new CES function (Bairam, 1989, 1991) yields the best statistical results: is estimated to be 1.56, and total output elasticity ranges from 0.85 to 1.12, which can partly be explained by different values of the K/L ratio.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by Springer in its journal The Annals of Regional Science.
Volume (Year): 30 (1996)
Issue (Month): 4 ()
Note: Received: July 1994 / Accepted in revised form: October 1995
Contact details of provider:
Web page: http://link.springer.de/link/service/journals/00168/index.htm
More information through EDIRC
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Nicholas Apergis & Stephen M. Miller, 2007.
"Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility,"
2007-06, University of Connecticut, Department of Economics.
- Nicholas Apergis & Stephen M. Miller, 2007. "Total Factor Productivity and Monetary Policy: Evidence from Conditional Volatility," International Finance, Wiley Blackwell, vol. 10(2), pages 131-152, 07.
- Frauke G. Braun & Astrid Cullmann, 2008. "Key Parameters and Efficiency of Mexican Manufacturing: Are There Still Differences between the North and the South? An Application of Nested and Stochastic Frontier Panel Data Models," Discussion Papers of DIW Berlin 816, DIW Berlin, German Institute for Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Guenther Eichhorn) or (Christopher F Baum).
If references are entirely missing, you can add them using this form.