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Monitoring of Public Policies to Science and Technology In 2009-2010. And Evaluating Its Effectiveness in Achieving the Goals, Target Indicators, Priorities and Main Tasks the First Stage of the Innovation Development of the Russian Economies Expressed in the Concept Long Term Social And Economic Development the Russian Federation for the Period Up to 2020

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Author Info

  • Maria Kazakova

    ()
    (Russian Presidential Academy of National Economy and Public Administration)

Abstract

The production function is one of the basic concepts of economic theory. As a basis for modeling the behavior of enterprises used in the production functions quite a wide range of economic issues, where the explicit or implicit form is required to establish correspondence between the input-output. One of the objectives in constructing the first empirical Cobb-Douglas in 1928 was to analyze the relationship the marginal product of labor and remuneration. Since the mid-20th century, the production functions widely used in studying the problems of economic growth, technological progress evaluation. This study reviews the theoretical and empirical work in the field decomposition of economic growth based on production functions.

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Bibliographic Info

Paper provided by Russian Presidential Academy of National Economy and Public Administration in its series Working Papers with number 31.

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Length: 79 pages
Date of creation: May 2013
Date of revision:
Handle: RePEc:rnp:wpaper:31

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Keywords: decomposition of economic growth;

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