Production functions with factor-oriented scale sensitivity
成果类型：
Article
署名作者：
Vijverberg, CPC; Fei, JCH
署名单位：
Yale University
刊物名称：
REVIEW OF ECONOMICS AND STATISTICS
ISSN/ISSBN：
0034-6535
DOI：
10.2307/2109933
发表日期：
1996-05
页码：
309-320
关键词：
摘要：
It is not unreasonable to believe that most, if not all, important innovations are embodied in an industry's capital stock. The notion that the efficiency of large scale of production is brought about mainly by a larger size capital stock or a more advanced one is not new. The purpose of this paper is to search for production functions that allow the scale elasticity to vary with respect to capital stock and, at the same time, contains desirable properties of diminishing returns to labor and/or factor substitutability. There are numerous SSWK production functions. However, the objectives of this paper are to, first of all, find a general way to generate the SSWK production functions, and secondly, to find those SSWK's with certain desirable properties.
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