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Implementation of the cobba doughlas model in the development of the economy

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  • Rustamova Mekhrigiyo

Abstract

This article presents information about the Cobb-Douglas model, one of the production functions. The parametersof the gross domestic product function were estimated based on the statistical data provided in the Minitab program. Also,a prediction of the volume of the gross domestic product is given at certain values of the amount of capital spent onproduction and the amount of labor force involved in production.

Suggested Citation

  • Rustamova Mekhrigiyo, 2024. "Implementation of the cobba doughlas model in the development of the economy," GREEN ECONOMY AND DEVELOPMENT, "Ma'rifat-Print-Media" LLC, Tashkent State University of Economics, vol. 2, October.
    • Handle: RePEc:teu:ged000:v:2:y:2024:id:3517
    DOI: 10.5281/zenodo.14293170
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