Jeff E. Biddle, Progress Through Regression

The Life Story of the Empirical Cobb-Douglas Production Function

Bibliographic Data

ID13034555
AuthorsJonathan R W Temple (0000-0001-8916-691X, Twitter (United States), corresponding author)
Year2021
Volume11-3
Pages571-576
Publication date2021-01-01
Open AccessYes
TypeARTICLE
VenueOEconomia (JOURNAL)
Journal identifiersISSN: 2113-5207 • E-ISSN: 2269-8450
PublisherAssociation Œconomia (PUBLISHER • FR)
DOI10.4000/oeconomia.11428
OpenAlexW3211703032
LanguageEN
References cited11

Many economists invoke the term “Cobb-Douglas” frequently, while knowing little of its history. In 1927, Paul H. Douglas presented his results on an estimated production function in a paper at the American Economic Association annual meeting. This was joint work with the mathematician Charles W. Cobb. What became known as the Cobb-Douglas production function was not new—Knut Wicksell had previously suggested it—but its estimation using time-series data marked the beginning of a new literature

Classical economics · CobB · Cobb–Douglas production function · Econometrics · Economics · Function (biology · Mathematical economics · Microeconomics · Production (economics · Regression · Statistics · Term (time · Economic Growth and Productivity · Economic theories and models · Economic Theory and Policy · Mathematics

Tools

Open DOIOpen Access