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The Aggregate Production Function and the Measurement of Technical Change

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  • Jesus Felipe
  • John S.L. McCombie

Abstract

This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.

Suggested Citation

  • Jesus Felipe & John S.L. McCombie, 2013. "The Aggregate Production Function and the Measurement of Technical Change," Books, Edward Elgar Publishing, number 1975.
  • Handle: RePEc:elg:eebook:1975
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    References listed on IDEAS

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    149. Nazrul Islam, 1995. "Growth Empirics: A Panel Data Approach," The Quarterly Journal of Economics, Oxford University Press, vol. 110(4), pages 1127-1170.
    150. Paul M. Romer, 1994. "The Origins of Endogenous Growth," Journal of Economic Perspectives, American Economic Association, vol. 8(1), pages 3-22, Winter.
    151. Lucas, Robert Jr., 1988. "On the mechanics of economic development," Journal of Monetary Economics, Elsevier, vol. 22(1), pages 3-42, July.
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    Cited by:

    1. Santos, João & Domingos, Tiago & Sousa, Tânia & St. Aubyn, Miguel, 2016. "Does a small cost share reflect a negligible role for energy in economic production? Testing for aggregate production functions including capital, labor, and useful exergy through a cointegration-base," MPRA Paper 70850, University Library of Munich, Germany.
    2. Joseph Halevi, "undated". "Luigi Pasinetti and the Political Economy of Growth and Distribution," Working Papers Series 40, Institute for New Economic Thinking.
    3. Javier López Bernardo & Engelbert Stockhammer & Félix López Martínez, 2016. "A post Keynesian theory for Tobin’s in a stock-flow consistent framework," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 39(2), pages 256-285, April.
    4. Marwil J. Dávila-Fernández & Serena Sordi, 2017. "Distributive cycles and endogenous technical change in a BoPC growth model," Department of Economics University of Siena 760, Department of Economics, University of Siena.
    5. repec:eee:ecolec:v:148:y:2018:i:c:p:103-120 is not listed on IDEAS
    6. repec:ura:ecregj:v:1:y:2018:i:2:p:502-515 is not listed on IDEAS
    7. John S.L. McCombie & Ioana Negru, 2014. "On economic paradigms, rhetoric and the micro-foundations of macroeconomics," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 11(1), pages 53-66, April.
    8. Till van Treeck, 2015. "r>g: Why the ‘Piketty Debate’ Unsettles Germany’s Economic Experts," CESifo Forum, Ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 16(1), pages 26-34, May.
    9. repec:eee:streco:v:42:y:2017:i:c:p:38-55 is not listed on IDEAS
    10. Geoffrey C. Harcourt, 2015. "Review Article of Capital in the Twenty-First Century, Thomas Piketty," Discussion Papers 2015-10, School of Economics, The University of New South Wales.
    11. repec:eme:rpeczz:s0161-723020170000032006 is not listed on IDEAS
    12. J. Felipe & J.S.L. McCombie, 2014. "The Aggregate Production Function: 'Not Even Wrong'," Review of Political Economy, Taylor & Francis Journals, vol. 26(1), pages 60-84, January.
    13. Zambelli, Stefano & Fredholm, Thomas & Venkatachalam, Ragupathy, 2017. "Robust measurement of national technological progress," Structural Change and Economic Dynamics, Elsevier, vol. 42(C), pages 38-55.
    14. Orsola Costantini, 2015. "The Cyclically Adjusted Budget: History and Exegesis of a Fateful Estimate," Working Papers Series 24, Institute for New Economic Thinking.
    15. Marc Lavoie & Eckhard Hein, 2015. "Going from a low to a high employment equilibrium," IMK Working Paper 144-2015, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    16. Marwil Jhonatan Dávila Fernádez & José Luis Oreiro, 2016. "Capital In The Twenty First Century: Reinterpretando A Contradição Fundamental Do Capitalismo," Anais do XLIII Encontro Nacional de Economia [Proceedings of the 43rd Brazilian Economics Meeting] 096, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    17. Sangjun Jeong, 2017. "Biased Technical Change and Economic Growth: The Case of Korea, 1970–2013," Research in Political Economy,in: Return of Marxian Macro-Dynamics in East Asia, volume 32, pages 81-103 Emerald Publishing Ltd.
    18. Guschanski, Alexander & Onaran, Özlem, 2017. "The political economy of income distribution: industry level evidence from 14 OECD countries," Greenwich Papers in Political Economy 17518, University of Greenwich, Greenwich Political Economy Research Centre.

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