Discussion Papers: Economic theory and econometrics. Series AUniversity of Birmingham, Faculty of Commerce and Social Science - Econometrics |
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aggregate production function allocation analysis assumed assumption B₂ behaviour capital-output ratio Cobb-Douglas component considered consistent estimates constant consumer consumer's surplus consumption function converges cycles cyclical demand curve demand functions dependent determined deterministic diffusion of innovations discussion paper distribution Durbin-Watson statistic Econometrics effect equal equation equilibrium error-terms expenditure fluctuations given Hence identified impact increase independent indicators innovations inputs interest rate investment iterative likelihood function linear liquid assets marginal productivity matrix measurement errors monetary money stock Mukerji obtained output path perfect competition period plim problem production-function rank rate of growth rate of return regression coefficients relationship restrictions returns to scale savings sector serial correlation significant statistic stochastic specification stock of capital studies technical progress function theory underidentified unit of labour University of Birmingham variables variance vintage y-Xb zero