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Title:The composite mean regression as a tool in production studies PDF Logo
Authors:Bjøntegård, Eivind
Issue Date:1999
Series/Report no.:Memorandum, Department of Economics, University of Oslo 1999,05
Abstract:Johansen (1972) explains how a short run macro production function can be derived on the basis of a distribution of micro production units with respect to fixed input coefficients. The present note points out that the composite mean regression, introduced by Frisch (1929), can be useful in analysing some of the production models in Johansen (1972). The focus is on complementary, alternative and marginally independent production factors at the macro level in a production model which assumes efficient allocation of given quantities of inputs.
Subjects:Composite mean regression
complementary
alternative and marginally independent production factors
macro production functions
Document Type:Working Paper
Appears in Collections:Memorandum, Department of Economics, University of Oslo

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