This study investigates the relationship between economic growth and employment in Pakistan at aggregate sectoral levels. It uses different econometric models, such as Cobb-Douglas production function, demand model, ARDL to analyze data test hypotheses. finds that does not create enough jobs for population there is a mismatch output of sectors. shows service sector, which fastest-growing sector...

In this paper a problem of consumption and investment is presented as a model of a discounted Markov decision process with discrete-time. In this problem, it is assumed that the wealth is affected by a production function. This assumption gives the investor a chance to increase his wealth before the investment. For the solution of the problem there is established a suitable version of the Euler...

The paper develops an explicit formula for the calculation of optimal carbon taxes in a dynamic integrated assessment framework. We attempt to generalize the Gosolov et al. (2014) theory by relaxing the restrictions with logarithmic preferences, Cobb-Douglas production and the full periodwise capital depreciation. By taking advantage of the cumulative climate response (CCR) function, we show th...

Electricity supply quality (ESQ) is critical for healthy economic production, and regional differences in ESQ can widen development gaps. To contribute to a more equitable development, this study first develops Gini index of distribution measure the inequality among different cities. Then, an econometric model based on Cobb–Douglas production function established quantify effects economy. Final...

Abstract Climate change is an underlying cause of many extreme events such as enormous cyclones and erratic torrential rains. These phenomena threaten farmers in coastal regions Myanmar. Self-insurance through means crop diversification insufficient for sustainable farm management. Weather index insurance (WII) receiving much attention because its low management costs. An optimum WII contract f...

Vegetable production constitutes an important sub-sector of the agricultural economy of KwaZulu-Natal. Most vegetables are cultivated in mixed-cropping types of farming systems. The technical efficiency of vegetable based cropping systems was estimated in order to identify the potential increase in production without incurring additional costs. The factors affecting technical efficiency and con...

The current study deals with the technical efficiency of cotton farmers operating on Harran Plain Turkiye an application to two well-known stochastic approaches, i.e., Cobb-Douglas and translog frontier production functions. Using farm-level cross-sectional data, a specialized maximum likelihood technique incorporates both frontiers inefficiency effects models into single equation model estimat...