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Is the decomposition of the technical biased progress realizable with a Cobb-Douglas production function?
[La décomposition des biais de progrès technique est-elle réalisable avec une fonction production Cobb-Douglas ?]

Author

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  • Georges Daw

    (CES - Centre d'économie de la Sorbonne - CNRS - Centre National de la Recherche Scientifique - UP1 - Université Panthéon-Sorbonne)

Abstract

The neo-classic exercise of growth economic accounting for a given country leads to a quantified diagnosis of the characteristics (capital, work, total productivity of the factors) of this growth while working with a function of Cobb-Douglas production. In the presence of biased technical progress (i.e. progress not profiting identically with all the productive factors), this function is not able to separately provide the value of each bias, which can disorientate the economic policy. In this paper, we provide theoretical and empirical details necessary in economics of technical progress and precisely on the subject of the technical biased progress. We show then exhaustively and pedagogically why the Cobb-Douglas function does not allow a separate identification of these bias and is condemned to gather them within the Solow residual.

Suggested Citation

  • Georges Daw, 2014. "Is the decomposition of the technical biased progress realizable with a Cobb-Douglas production function?
    [La décomposition des biais de progrès technique est-elle réalisable avec une fonction prod
    ," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01077366, HAL.
  • Handle: RePEc:hal:cesptp:halshs-01077366
    DOI: 10.1016/j.rgo.2014.05.001
    Note: View the original document on HAL open archive server: https://halshs.archives-ouvertes.fr/halshs-01077366
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    File URL: https://halshs.archives-ouvertes.fr/halshs-01077366/document
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    More about this item

    Keywords

    Elasticité de substitution Codes Jel : D24; Parts factorielles; Résidu de Solow; Biais de progrès technique; Fonction Cobb-Douglas; Facteurs de production; Progrès technique;

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity

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