DID YOU KNOW? DTIC has over 3.5 million final reports on DoD funded research, development, test, and evaluation activities available to our registered users. Click HERE
to register or log in.
AGGREGATION OF PRODUCTION FUNCTIONS. SOME EXPERIMENTAL RESULTS.
Econometric research program research paper,
PRINCETON UNIV N J
Pagination or Media Count:
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
APPROVED FOR PUBLIC RELEASE