Irrigation production functions with water-capital substitution
نویسندگان
چکیده
منابع مشابه
Growth, Capital Shares, and a New Perspective on Production Functions
Standard growth theory implies that steady-state growth in the presence of exponential declines in the prices of computers and other capital equipment requires a Cobb-Douglas production function. Conventional wisdom holds that capital shares are relatively constant, so that the Cobb-Douglas approach might be a good way to model growth. Unfortunately, this conventional wisdom is misguided. Capit...
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ژورنال
عنوان ژورنال: Agricultural Economics
سال: 2009
ISSN: 0169-5150,1574-0862
DOI: 10.1111/j.1574-0862.2008.00359.x