Title: A preliminary study of regression calculation of the change-with-time parameter in the Cobb-Douglas production function
Authors: Chen Shicheng, Zhang Yingbao
Addresses: Department of Management, Building 32503, Lanzhou University, P.R. China. ' Department of Management, Building 32503, Lanzhou University, P.R. China
Abstract: This paper introduces the regression method of the change with-time parameter in the Cobb-Douglas production function. It demonstrates that past results of this method are inaccurate because they use the α and β in the Cobb-Douglas production function, which although considered unchangeable are in fact variable. Further, we introduce a new method of getting annual labour output resilience coefficients, capital output resilience coefficients and the technology progress rate.
Keywords: change-with-time parameter; Cobb-Douglas production function; regression analysis; technology forecasting.
International Journal of Computer Applications in Technology, 1998 Vol.11 No.1/2, pp.157 - 162
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