The Introduction of the Cobb-Douglas Regression and Its Adoption by Agricultural Economists
Bibliographic Data
| ID | 4298510 |
|---|---|
| Authors | Jeff E Biddle, Jeff Biddle (corresponding author) |
| Year | 2011 |
| Volume | 43 |
| Issue | suppl_1 |
| Pages | 235-257 |
| Publication date | 2011-12-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | History of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0018-2702 • E-ISSN: 1527-1919 |
| Publisher | Duke University Press (PUBLISHER • US) |
| DOI | 10.1215/00182702-1158745 |
| OpenAlex | W2124717679 |
| Language | EN |
| Citations received | 2 |
| References cited | 37 |
The first part of this essay reviews Paul Douglas's twenty-year research program of using the Cobb-Douglas function to statistically estimate relationships between inputs and outputs. Emphasis is placed on the evolution of Douglas's own conceptualization of the program, and also the variety of views that arose among economists as to the significance of Douglas's results and, more generally, the potential value of the type of work he was doing. The second part examines the work of a group of agricultural economists who successfully established the Cobb-Douglas regression as a research tool in their field. They saw the regression as a way to address long-standing questions specific to agricultural economics. As a result, their defense and development of the method, as well as the criticisms they attracted from their colleagues, while drawing on the earlier literature surrounding Douglas's work, had noticeably different emphases and helped establish the Cobb-Douglas regression as a general purpose empirical tool for economists
Agriculture · Archaeology · Classical economics · CobB · Conceptualization · Econometrics · Economics · Empirical research · Function (biology · Geography · Positive economics · Regression · Regression analysis · Sociology · Statistics · Value (mathematics · Variety (cybernetics · Work (physics · Agricultural Economics and Policy · Computer Science · Economic Growth and Productivity · Economics of Agriculture and Food Markets · Engineering · Mathematics
The History of Econometric Ideas
Random Simultaneous Equations and the Theory of Production
Real Wages in the United States, 1890-1926.
Agricultural Economists in the Econometric Revolution
Technical Change and the Aggregate Production Function
The Sources of Measured Productivity Growth
Some Thoughts on Marginal Productivity, with Special Reference to Professor Douglas' Analysis
Marginal Productivity and the General Pricing Process
Cross-Section Studies in the Cobb-Douglas Function
The Cobb-Douglas Production Function Once Again
An Empirical Analysis of the Laws of Distribution
Linear Regression Analysis of Economic Time Series
The Divergent Fates of Two Strands of "Institutionalist" Doctrine During the New Deal Years
The Other Economics Department
Statistical Economics, 1900-1950
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,25 |
| Citation span | 2018 - 2021 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 2 |