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Investment Functions: Which Production Function?

Author

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  • J.C.R. Rowley

    (Queen's University)

Abstract

In this paper, an approximation is suggested whereby the alternative C.E.S. form can be fitted as a number of additional corrections to the final expression associated with the Cobb-Douglas form. Some numerical results are tabulated, and these indicate that, for the British Economy at least, the specification of a Cobb-Douglas form for the production function is inappropriate.

Suggested Citation

  • J.C.R. Rowley, 1969. "Investment Functions: Which Production Function?," Working Paper 6, Economics Department, Queen's University.
    • Handle: RePEc:qed:wpaper:6
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    File URL: http://qed.econ.queensu.ca/working_papers/papers/qed_wp_6.pdf
    File Function: First version 1969
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