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The Cobb-Douglas Production Function: An Antipodean Defence?

Fraser, Iain M (2002) The Cobb-Douglas Production Function: An Antipodean Defence? Economic Issues, 7 (1). pp. 39-58. ISSN 1363-7029. (The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided) (KAR id:5507)

The full text of this publication is not currently available from this repository. You may be able to access a copy if URLs are provided. (Contact us about this Publication)

Abstract

In this paper a re-examination of the original time-series data sets used by Professor Douglasand associated researchers to establish the existence of an aggregate production function isundertaken. Particular attention is paid to the issue of whether the data provide deductive supportfor the ‘Laws of Production’ as claimed by Douglas (1948). Various statistical methods areused to analyse the data to see if the claims of Douglas are justified. Only the New South Walesdata and to a lesser extent the New Zealand data yield results that support the assertions ofDouglas - hence the Antipodean defence.

Item Type: Article
Subjects: H Social Sciences > HB Economic Theory
Divisions: Divisions > Kent Business School - Division > Kent Business School (do not use)
Divisions > Division of Human and Social Sciences > School of Economics > Centre for European Agri-Environmental Studies (CEAS)
Depositing User: Iain Fraser
Date Deposited: 11 Sep 2008 15:10 UTC
Last Modified: 15 Apr 2021 15:40 UTC
Resource URI: https://kar.kent.ac.uk/id/eprint/5507 (The current URI for this page, for reference purposes)
Fraser, Iain M: https://orcid.org/0000-0002-4689-6020
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