Business
Business, 16.06.2021 20:10, EllaSue

This paper aims to make an empirical analysis of Cobb Douglas production function using ordinary least square method based on the data from 1973 to 2019 in the United States. All the data was collected from Fred database. This paper has explored the share of capital in production and the share of labor in production. The results show that the share of labor in production is much higher than the share of capital in production, which suggests that the United States should pay more attention to the labor force. The summation of share of capital and labor in production is slightly higher than 1, which means that there is a phenomenon of increasing returns to scale in American economy.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:10, victorialeverp714lg
Ms. sophia jones, the company president, has heard that there are multiple breakeven points for every product. she does not believe this and has asked you to provide the evidence of such a possibility. some information about the company for 2017 is as follows:
Answers: 1
image
Business, 22.06.2019 14:30, ayoismeisjjjjuan
Amethod of allocating merchandise cost that assumes the first merchandise bought was the first merchandise sold is called the a. last-in, first-out method. b. first-in, first-out method. c. specific identification method. d. average cost method.
Answers: 3
image
Business, 22.06.2019 16:40, michibabiee
Shawn received an e-mail offering a great deal on music, movie, and game downloads. he has never heard of the company, and the e-mail address and company name do not match. what should shawn do?
Answers: 2
image
Business, 22.06.2019 19:00, HahaHELPP
Gus needs to purée his soup while it's still in the pot. what is the best tool for him to use? a. potato masher b. immersion blender c. rotary mixer d. whisk
Answers: 2
Do you know the correct answer?
This paper aims to make an empirical analysis of Cobb Douglas production function using ordinary lea...

Questions in other subjects:

Konu
Social Studies, 24.10.2021 05:00