The Specification of Technology with Several Kinds of Output
Bibliographic Data
| ID | 10173296 |
|---|---|
| Authors | R E Hall (0000-0001-6117-6729, corresponding author) |
| Year | 1973 |
| Volume | 81 |
| Issue | 4 |
| Pages | 878-892 |
| Publication date | 1973-07-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | Journal of Political Economy (JOURNAL) |
| Journal identifiers | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/260086 |
| OpenAlex | W2086628967 |
| Language | EN |
| Citations received | 18 |
| References cited | 2 |
Econometric models encounter difficulties in handling more than a single kind of output. The absence of data on the flows of intermediate goods makes it impossible to estimate separate production functions for more than one product. Within the unifying framework of the modern theory of cost functions, this paper considers two alternative specifications that can accommodate disaggregation on the output side without requiring data on intermediate goods. The economic implications of these specifications are discussed, and a general specification is proposed in which it is possible to test the two specifications
Econometric model · Econometrics · Economics · Mathematical economics · Microeconomics · Product (mathematics · Production (economics · Specification · Computer Science · Economic Growth and Productivity · Mathematics
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| Citations per year | 0.33 |
|---|---|
| Citation span | 1972 - 2022 (51) |
| Highly cited | No |