Show Less
The Aggregate Production Function and the Measurement of Technical Change
‘Not Even Wrong’
Jesus Felipe and John S.L. McCombie
This authoritative and stimulating book represents a fundamental critique of the aggregate production function, a concept widely used in macroeconomics.
Monograph Book
- Published in print:
- 31 Oct 2013
- ISBN:
- 9781840642551
- eISBN:
- 9781782549680
- Pages:
- 400
Show Summary Details
- 01 The Aggregate Production Function and the Measurement of Technical Change ‘Not Even Wrong’
- 01 Copyright
- 01 Contents
- 01 Prologue: ‘Not even wrong’
- 01 Acknowledgements
- 01 Introduction
- Chapter 1: Some problems with the aggregate production function
- Chapter 2: The aggregate production function: behavioural relationship or accounting identity?
- Chapter 3: Simulation studies, the aggregate production function and the accounting identity
- Chapter 4: ‘Are there laws of production?’ The work of Cobb and Douglas and its early reception
- Chapter 5: Solow’s ‘Technical Change and the Aggregate Production Function’, and the accounting identity
- Chapter 6: What does total factor productivity actually measure? Further observations on the Solow model
- Chapter 7: Why are some countries richer than others? A sceptical view of Mankiw–Romer–Weil’s test of the neoclassical growth model
- Chapter 8: Some problems with the neoclassical dual- sector growth model
- Chapter 9: Is capital special? The role of the growth of capital and its externality effect in economic growth
- Chapter 10: Problems posed by the accounting identity for the estimation of the degree of market power and the mark-up
- Chapter 11: Are estimates of labour demand functions mere statistical artefacts?
- Chapter 12: Why have criticisms of the aggregate production function generally been ignored? On further misunderstandings and misinterpretations of the implications of the accounting identity
- 01 References
- 01 Index
This content is available to you
Introduction
‘Not Even Wrong’
Jesus Felipe and John S.L. McCombie
If the inline PDF is not rendering correctly, you can download the PDF file here.
- 01 The Aggregate Production Function and the Measurement of Technical Change ‘Not Even Wrong’
- 01 Copyright
- 01 Contents
- 01 Prologue: ‘Not even wrong’
- 01 Acknowledgements
- 01 Introduction
- Chapter 1: Some problems with the aggregate production function
- Chapter 2: The aggregate production function: behavioural relationship or accounting identity?
- Chapter 3: Simulation studies, the aggregate production function and the accounting identity
- Chapter 4: ‘Are there laws of production?’ The work of Cobb and Douglas and its early reception
- Chapter 5: Solow’s ‘Technical Change and the Aggregate Production Function’, and the accounting identity
- Chapter 6: What does total factor productivity actually measure? Further observations on the Solow model
- Chapter 7: Why are some countries richer than others? A sceptical view of Mankiw–Romer–Weil’s test of the neoclassical growth model
- Chapter 8: Some problems with the neoclassical dual- sector growth model
- Chapter 9: Is capital special? The role of the growth of capital and its externality effect in economic growth
- Chapter 10: Problems posed by the accounting identity for the estimation of the degree of market power and the mark-up
- Chapter 11: Are estimates of labour demand functions mere statistical artefacts?
- Chapter 12: Why have criticisms of the aggregate production function generally been ignored? On further misunderstandings and misinterpretations of the implications of the accounting identity
- 01 References
- 01 Index