The Introduction of the Cobb-Douglas Regression and Its Adoption by Agricultural Economists
The first part of this essay reviews Paul Douglas's twenty-year research program of using the Cobb-Douglas function to statistically estimate relationships between inputs and outputs. Emphasis is placed on the evolution of Douglas's own conceptualization of the program, and also the variety of views that arose among economists as to the significance of Douglas's results and, more generally, the potential value of the type of work he was doing. The second part examines the work of a group of agricultural economists who successfully established the Cobb-Douglas regression as a research tool in their field. They saw the regression as a way to address long-standing questions specific to agricultural economics. As a result, their defense and development of the method, as well as the criticisms they attracted from their colleagues, while drawing on the earlier literature surrounding Douglas's work, had noticeably different emphases and helped establish the Cobb-Douglas regression as a general purpose empirical tool for economists.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 43 (2011)
Issue (Month): 5 (Supplement)
|Contact details of provider:|| Postal: |
Phone: (919) 660-1800
Fax: (919) 684-8974
Web page: http://www.dukeupress.edu/Catalog/ViewProduct.php?viewby=journal&productid=45614
When requesting a correction, please mention this item's handle: RePEc:hop:hopeec:v:43:y:2011:i:5:p:235-257. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Center for the History of Political Economy Webmaster)
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.