Abstract
We shall illustrate the estimation of multiple-output production functions with two different sets of data. The first set consists of Klein’s (1947) U.S. railroad cross-section data for the years 1928 and 1936. The second set is a time series of the years 1929 to 1969 for the U.S. private domestic economy; this set of data is updated from Christensen and Jorgenson (1970) and was also used by Christensen et al. (1973) in a related study. These two sets of data essentially require different interpretations of estimation results, and we shall discuss each data source separately. Section B presents the results for the railroad data, and section C contains the estimation results for the national data.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 1976 Springer-Verlag Berlin · Heidelberg
About this chapter
Cite this chapter
Hasenkamp, G. (1976). Empirical Results. In: Specification and Estimation of Multiple-Output Production Functions. Lecture Notes in Economics and Mathematical Systems, vol 120. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-45481-3_5
Download citation
DOI: https://doi.org/10.1007/978-3-642-45481-3_5
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-07625-4
Online ISBN: 978-3-642-45481-3
eBook Packages: Springer Book Archive