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La función de producción de Cobb-Douglas y la economía española

  • José Francisco Bellod Redondo

    ()

    (Universidad Politécnica de Cartagena)

En este trabajo analizamos el uso creciente del concepto función de producción Cobb - Douglas, basado en la obra de Solow, en trabajos aplicados a la economía española, relacionados con la determinación de la posición cíclica y la contribución de los factores productivos al crecimiento. A tal efecto realizamos una serie de contrastes econométricos para el periodo 1960 – 2010 que demuestran claramente que la función Cobb – Douglas no refleja la conexión entre producción y factores productivos (no existe tal función de producción agregada para ese periodo), y que su uso combinado con la Nairu distorsiona el análisis de la actividad económica española y, en particular, de la posición cíclica de la economía.

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Article provided by Asociación de Economía Crítica in its journal Revista de Economía Crítica.

Volume (Year): 12 (2011)
Issue (Month): ()
Pages: 9-38

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Handle: RePEc:ret:ecocri:rec12_02
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