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Aggregate Production Functions and Growth Economics

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  • Jonathan Temple

Abstract

Rigorous approaches to aggregation indicate that aggregate production functions do not exist except in unlikely special cases. This paper considers the awkward implications for growth economics. It provides a conventional defence of growth theory in terms of 'parables' and then considers how empirical growth research might avoid the need for aggregate production functions.

Suggested Citation

  • Jonathan Temple, 2006. "Aggregate Production Functions and Growth Economics," International Review of Applied Economics, Taylor & Francis Journals, vol. 20(3), pages 301-317.
    • Handle: RePEc:taf:irapec:v:20:y:2006:i:3:p:301-317
    DOI: 10.1080/02692170600736052
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