Abstract
To estimate productivity growth, the production function Φ(·) now incorporates a time dimension, as follows. Given the input vector x(t) = (x1(t), . . . , x n (t)) chosen at time t, the realized output y(t) at time t equals Φ(x(t), t). In this chapter, we make the following assumption: Assumption 8 The production function is y(t) = Φ(x(t), t) = A(t)φ(x(t)), (14.1) where A(·) and φ(·) are both continuously differentiable and φ(·) is linearly homogeneous.
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© 2008 Springer-Verlag Berlin Heidelberg
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(2008). Productivity Measurement. In: Production Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-75751-1_14
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DOI: https://doi.org/10.1007/978-3-540-75751-1_14
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-75750-4
Online ISBN: 978-3-540-75751-1
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