This paper follows Jones (2005) in his approach to deriving the global production function from microfoundations. His framework is generalized by allowing for dependence between the Pareto distributions of laborand capital-augmenting developments. Using the Clayton copula family to capture this dependence, we derive a “Clayton-Pareto” class of production functions that nests both the Cobb-Dougl...

To investigate the characteristics of total factor productivity and its influencing factors in china’s soybean. Cobb-Douglas production function model is used in this study. The data is based on the period from 1990 to 2007, and C-D production function is applied twicely. The results of this study indicate that total factor productivity grows at 0.42% annually, the changes fluctuate apparently....

The conventional Cobb-Douglas production function model require strong assumptions such as the constant elasticity and the entire frontier efficiency. The varying elasticity production function is an useful extension but it does not take frontier efficiency into account, and the data envelope analysis model involves the use of linear programming methods to estimate the frontier efficiency where...

where Y is total output (or income), t is time, H is the stock of capital, and L is the labor supply. The parameter α ∈ (0, 1) is a distribution parameter, and σ = 1/(1 − ρ) is the elasticity of substitution between capital and technology-augmented labor. The CES function is among the most commonly employed production functions, and was among the original models presented by [2]. The CES is a g...

Many growth models assume that aggregate output is generated by a Cobb-Douglas production function. In this article we question the empirical relevance of this specification. We use a panel of 82 countries over a 28-year period to estimate a general constant-elasticity-of-substitution (CES) production function specification. We find that for the entire sample of countries we can reject the Cobb...

To optimize the water distribution of three industries based on the water demand prediction under multiple uncertainties, a fuzzy credibility-constrained interval two-stage stochastic programming (FCITSP) model base on the Cobb-Douglas production (CD) function was developed. The CD-FCITSP model integrated fuzzy credibility-constrained programming (FCP), an interval two-stage stochastic programm...

Previous research has demonstrated that the production of information services can be characterized at the aggregate economy-wide level by the Cobb-Douglas production function. However, the underlying production process at the firm level has not yet been ascertained. The objective of this paper is to determine the form of the production process for information systems services at the firm level...

Software reliability is the likelihood of the failure free function of software in a given period of time under some certain circumstances. Software testing can be defined as the process to detect the faults in totality and worth of developed computer software. Testing is very much important in assuring the quality of the software by identifying faults in software, and also most possibly removi...