IDEAS home Printed from https://ideas.repec.org/a/eej/eeconj/v13y1987i3p259-269.html
   My bibliography  Save this article

Money in the Production Function: An Alternative Test Procedure

Author

Listed:
  • Keith Christian Jensen
  • Shyam Kamath
  • Robert Bennett

Abstract

This paper discusses and applies an alternative test procedure to the debate regarding the inclusion of real money balances in the neoclassical production function. The alternative test procedure involves the development of a counterexample of the model of a theory being tested and simultaneously testing the model and its counterexample using the same testing conventions and procedures. The results obtained by using the test procedure cast doubt on the practice of including real money balances in the neoclassical production function.

Suggested Citation

  • Keith Christian Jensen & Shyam Kamath & Robert Bennett, 1987. "Money in the Production Function: An Alternative Test Procedure," Eastern Economic Journal, Eastern Economic Association, vol. 13(3), pages 259-269, Jul-Sep.
    • Handle: RePEc:eej:eeconj:v:13:y:1987:i:3:p:259-269
    as

    Download full text from publisher

    File URL: http://web.holycross.edu/RePEc/eej/Archive/Volume13/V13N3P259_269.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. S. J. Kamath & K. C. Jensen & R. E. Bennett, 1991. "A Counter-Counter Critique: A Reply," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 535-541, Oct-Dec.
    2. Allen Sinai & Houston H. Stokes, 1989. "Money Balances in the Production Function: A Retrospective Look," Eastern Economic Journal, Eastern Economic Association, vol. 15(4), pages 349-363, Oct-Dec.
    3. Allen Sinai & Houston H. Stokes, 1991. "Real Money Balances in the Production Function: A Comment," Eastern Economic Journal, Eastern Economic Association, vol. 17(4), pages 533-535, Oct-Dec.
    4. Stephen Shmanske, 1999. "The economics of golf course condition and beauty," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 27(3), pages 301-313, September.
    5. Cynthia Benzing, 1989. "An Update on Money in the Production Function," Eastern Economic Journal, Eastern Economic Association, vol. 15(3), pages 235-239, Jul-Sep.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eej:eeconj:v:13:y:1987:i:3:p:259-269. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Matheson, College of the Holy Cross (email available below). General contact details of provider: https://edirc.repec.org/data/eeaa1ea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.