The Aggregate Production Function Note: I want you to understand the main parts of these notes (ie,these notes are fair game for quizzes,etc).Some parts get “mathy” when I prove things later in.ECON ...

The Aggregate Production Function and the Measurement of &#39This is an extremely important and longawaited book.The authors provide a cogent guide to all that is wrong with the theory and empirical ...

Past work on aggregation of production functions has focused on aggregation over firms where technology is embodied in fixed capital. This paper shows that much of the stringency of the necessary ...

This paper develops an assignment model of heterogeneous workers to heterogeneous tasks that provides a microeconomic foundation for aggregate production functions. The shape of the production ...

This paper investigates the impact of public capital on private sector output by testing and estimating an aggregate production function for the U.S. economy over the postwar period augmented to ...