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 ...

Charles Blackorby, William Schworm, The Existence of Input and Output Aggregates in Aggregate Production Functions, Econometrica, Vol. 56, No. 3 (May, 1988), pp. 613-643 ...

Education is a merit as well as a public good and is associated with large sets of externalities which are often indirect, invisible and non-quantifiable. The modern theory of endogenous growth has ...