Accession Number:

AD0610654

Title:

AGGREGATION OF PRODUCTION FUNCTIONS. SOME EXPERIMENTAL RESULTS.

Descriptive Note:

Econometric research program research paper,

Corporate Author:

PRINCETON UNIV N J

Personal Author(s):

• CRAGG,John G.

Report Date:

1965-01-19

Pagination or Media Count:

15.0

Abstract:

Data available for use in estimating Cobb-Douglas production functions are frequently aggregated unsuitably. This paper reports the results of some distributionsampling experiments conducted to investigate the effects of unsuitable aggregation. It is found that the usual least-squares estimates are biased. Misaggregation also seriously affects the performances of certain tests of hypotheses which were investigated. Author

Descriptors:

• *TRANSCENDENTAL FUNCTIONS
• *STATISTICAL DISTRIBUTIONS
• PRODUCTION
• ECONOMICS
• PSEUDO RANDOM SYSTEMS
• STATISTICAL TESTS
• SAMPLING
• EXPERIMENTAL DATA
• STATISTICAL ANALYSIS

Subject Categories:

Distribution Statement:

APPROVED FOR PUBLIC RELEASE