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Journal articles on the topic 'Production function (Economic theory)'

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Published: 4 June 2021

Last updated: 30 January 2023

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1

Mukhin, А. А. "THE USE OF COBB-DOUGLAS PRODUCTION FUNCTION IN MODELING PRODUCTION PROCESSES." Bulletin of Udmurt University. Series Economics and Law 30, no. 6 (2020): 822–29. http://dx.doi.org/10.35634/2412-9593-2020-30-6-822-829.

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Several alternative economic approaches to the study of organization are discussed in the literature: the neoclassical theory, the theory of transaction costs (the theory of specific assets), the theory of incomplete contracts (the theory of property rights), and the Agency theory (the theory of incentives). Recently, there have been approaches at the intersection of Economics and management: resource theory, knowledge theory, strategic theory, entrepreneurial theory; in the framework of sociology: network theory, the theory of resource dependence, the theory of institutional isomorphism, the

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2

Grassetti, Francesca, and Gevorg Hunanyan. "On the economic growth theory with Kadiyala production function." Communications in Nonlinear Science and Numerical Simulation 58 (May 2018): 220–32. http://dx.doi.org/10.1016/j.cnsns.2017.06.036.

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Schilir`o, Daniele. "A Glance at Solow’s Growth Theory." Journal of Mathematical Economics and Finance 3, no. 2(5) (2018): 83. http://dx.doi.org/10.14505/jmef.v3.2(5).04.

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This article examines the growth theory of Robert Solow1 , which has been a point of reference of economic growth since the 1950s. First, the article analyzes the path-breaking model of growth contained in Solow’s article “A Contribution to the Theory of Economic Growt” published in The Quarterly Journal of Economics (1956). Second, it looks at the contribution of Solow to growth accounting and to the new method of studying capital formation in economic growth through the vintage ap- proach. Therefore, the work analyzes the article “Technical Change and the Aggregate Production Function” publi

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Khrushch, L. Z. "Application of duality theory to solve two-criteria problem of linear programming for ecological-economic system." Carpathian Mathematical Publications 10, no. 2 (2018): 324–32. http://dx.doi.org/10.15330/cmp.10.2.324-332.

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In the paper, we investigate two-criterion optimization problem: maximization of one target function and minimization of another target function. To solve the offered two-criterion problem, the method of the main criterion is applied. We consider the problem of production activity of the ecological-economic system with the maximization of the value of the final product as the first target function and the minimization of emissions of polluters into the environment as the second target function. We constructed of two production functions (economic and ecological). To construct the economic prod

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5

Cheng, Maolin, and Zedi Jiang. "A New Class of Production Function Model and Its Application." Journal of Systems Science and Information 4, no. 2 (2016): 177–85. http://dx.doi.org/10.21078/jssi-2016-177-09.

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AbstractUnder some circumstances, the studies on economic growth theory can be translated into the researches on production function which will beneficial for the government to analyze the pattern of economic growth and then make reasonable policies. The commonly used production functions include C-D production function, CES production function, VES production function with different elasticity of substitution. This paper will put forward to a new class of production function which elasticity of substitutionσis a non-linear function ofK/L. With this new model, a calculation formula for accurat

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Zhang, Wei-Bin. "A Discrete Two-Sector Economic Growth Model." Discrete Dynamics in Nature and Society 2007 (2007): 1–13. http://dx.doi.org/10.1155/2007/89464.

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This paper studies a key model in economic theory—the two-sector growth model—with an alternative utility function. We show that the system has a unique stable equilibrium when the production functions take on the Cobb-Douglas form. We also simulate the model and demonstrate effects of changes in some parameters.

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Cromley, R. G., and D. M. Hanink. "A Financial-Economic von Thünen Model." Environment and Planning A: Economy and Space 21, no. 7 (1989): 951–60. http://dx.doi.org/10.1068/a210951.

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The von Thünen model of agricultural land use is reformulated in this paper as an investment decision in which the objectives of farmers range from total risk-aversion to profit-maximization. By means of a variant of the mean-variance model of contemporary portfolio theory, it is demonstrated that individual bid-rent functions depend on the nature of a farmer's utility function. Because farmers' objectives affect their bid-rent functions, the spatial pattern of agricultural production is also affected. The conventional result of the von Thünen model is shown to be a special case of the more ge

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Klump, Rainer, and Chris Papageorgiou. "Editorial introduction The CES production function in the theory and empirics of economic growth." Journal of Macroeconomics 30, no. 2 (2008): 599–600. http://dx.doi.org/10.1016/j.jmacro.2007.12.004.

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Kleiner, George. "Universal system of the production factors." Economics and the Mathematical Methods 58, no. 2 (2022): 22. http://dx.doi.org/10.31857/s042473880020011-1.

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In this article, based on the new theory of economic systems, we propose a universal concept of the factors of economic activity, suitable for modeling economic systems of various scales, nature, and purpose. The concept described in the article indicates the objective genesis of a unified system of aggregated factors of production, particular cases of which are the classical theory of factors of production, marginal theory of factors, and intellectual theory of factors. The first case is characteristic of the industrial economy; the second is characteristic of the industrial and post-industri

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10

Altman, Morris. "Implications of smart decision-making and heuristics for production theory and material welfare." Mind & Society 18, no. 2 (2019): 167–79. http://dx.doi.org/10.1007/s11299-019-00219-y.

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Abstract Conventional theory assumes that economic agents perform at optimal levels of efficiency by definition and this is achieved when individuals behave in a particular fashion. Moreover, neoclassical production theory masks the process by which optimal output can be achieved. I argue that economic theory should be revised to incorporate some key findings of behavioural economics, while retaining the conventional theory’s normative ideal of optimum output whilst rejecting its normative procedural ideals of how to achieve optimality in production. I argue that neoclassical procedures can be

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Сорокин, Александр Иванович. "Economic Theory on Role and Place of Entrepreneur in Social Production." ЖУРНАЛ ПРАВОВЫХ И ЭКОНОМИЧЕСКИХ ИССЛЕДОВАНИЙ, no. 1 (March 15, 2022): 219–26. http://dx.doi.org/10.26163/gief.2022.47.46.031.

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В статье рассматривается эволюция взглядов видных представителей экономической науки разных поколений на роль, место и функции предпринимателя в процессе производства. Статья охватывает значительный временной период - с конца XVIII в. до середины XX в. Отправная точка проблемы это - «экономический человек», явленный А. Смитом как воплощение неуклонной силы рыночной экономики, двигающий экономику вперед и общество к процветанию. Однако признание в экономической науке тезис А. Смита получил далеко не сразу, выдержав серьезную конкуренцию альтернативных воззрений на проблему. И только в конце XX

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Ilyina, Elena A., and Leonid A. Saraev. "On the theory of interaction of related economic systems." Vestnik of Samara University. Economics and Management 13, no. 3 (2022): 138–47. http://dx.doi.org/10.18287/2542-0461-2022-13-3-138-147.

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In the published article the process of interaction of several related economic systems, which, on the one hand, compete with each other for fixed assets, the necessary human capital and natural resources is examined. On the other hand, they complement and develop each other and form a single complex within which joint goods are produced, goods, services and financial resources are exchanged, etc. An economic-mathematical model of the dynamics of development and interaction of related economic systems is proposed, taking into account both their competition for resources and their cooperation i

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Soukup, A. "Human capital, screening theory and education in agriculture." Agricultural Economics (Zemědělská ekonomika) 53, No. 10 (2008): 475–78. http://dx.doi.org/10.17221/928-agricecon.

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Human capital theory views education as a specific production factor and as a specific sort of capital. Besides this theory, alternative concepts of education were developed. Filter theory which is interested in the selective function of education and created a different point of view of economic analysis phenomena in education. Screening theory is similar and is interested in information of labor market attendants and their deciding. Signal equilibrium states are better or worse according to Pareto’s efficiency and according to the higher or lower difference between private and common educati

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14

Wang, Xiaoshu, and Yu Fu. "Some Characterizations of the Cobb-Douglas and CES Production Functions in Microeconomics." Abstract and Applied Analysis 2013 (2013): 1–6. http://dx.doi.org/10.1155/2013/761832.

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It is well known that the study of the shape and the properties of the production possibility frontier is a subject of great interest in economic analysis. Vîlcu (Vîlcu, 2011) proved that the generalized Cobb-Douglas production function has constant return to scale if and only if the corresponding hypersurface is developable. Later on, the authors A. D. Vîlcu and G. E. Vîlcu, 2011 extended this result to the case of CES production function. Both results establish an interesting link between some fundamental notions in the theory of production functions and the differential geometry of hypersur

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15

Senigaglia, Cristiana. "Economics, Ethics, and the Mediating Function of Corporate Organization." SDMIMD Journal of Management 5, no. 1 (2014): 35. http://dx.doi.org/10.18311/sdmimd/2014/2671.

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The study features the problem of the relationship between economics and ethics, highlights the ethical aspects related to economy, and raises the question on its self-ethicizing in a way which is compatible with the objectives of economy. By referring to Hegel's Economic-Philosophical Theory, it stresses the fundamental function ascribed to corporate organizations which can overcome the deficiencies and the potential of conflict which accompanies an economic behaviour exclusively guided by rationally calculated self-interest. Corporate organizations are considered as partly institutionalized

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Rovigatti, Gabriele, and Vincenzo Mollisi. "Theory and Practice of Total-Factor Productivity Estimation: The Control Function Approach using Stata." Stata Journal: Promoting communications on statistics and Stata 18, no. 3 (2018): 618–62. http://dx.doi.org/10.1177/1536867x1801800307.

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Alongside instrumental-variables and fixed-effects approaches, the control function approach is the most widely used in production function estimation. Olley and Pakes (1996, Econometrica 64: 1263–1297), Levinsohn and Petrin (2003, Review of Economic Studies 70: 317–341), and Ackerberg, Caves, and Frazer (2015, Econometrica 83: 2411–2451) have all contributed to the field by proposing two-step estimation procedures, whereas Wooldridge (2009, Economics Letters 104: 112–114) showed how to perform a consistent estimation within a single-step generalized method of moments framework. In this articl

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Chaldaeva, L. A., and A. A. Kilyachkov. "Economic security of economic entities: Theory and the current practice." Finance and Credit 26, no. 9 (2020): 1970–83. http://dx.doi.org/10.24891/fc.26.9.1970.

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Subject. This article discusses the issues related to the safety of a business entity's activities. Objectives. The article aims to determine the position of the security service of a company in its business processes and the specifics of its implementation in the Russian business environment. Methods. For the study, we used a systems approach and comparison. Results. The article says that in the conditions of steady-increasing complexity of production processes, the security service functionality should be expanded not through an increase in the number of its employees only, but through invol

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18

HOLOVACH, Volodymyr, and Tetiana HOLOVACH. "Theory of double entry in accounting." Economics. Finances. Law, no. 4/2 (April 30, 2020): 18–33. http://dx.doi.org/10.37634/efp.2020.4(2).4.

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The paper considers the existing theories of double entry, which took place at different historical stages of the existence of the accounting science. The main attention is paid to legal, economic, philosophical and balance theories. As a result of their analysis, it was found that the process of theoretical cognition of the double entry had natural character. Its formation began with the content definition of the economic phenomena's dual nature in the economic activity sphere. Scientists later tried to find out the causes of such phenomena and their impact on the double entry. In many cases

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19

Khasanah, Uswatun, and Hadi Sasana. "Significance of Gender Equality in Economic Growth." Research Horizon 2, no. 2 (2022): 374–80. http://dx.doi.org/10.54518/rh.2.2.2022.374-380.

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This article aims to conceptually describe the relationship between the importance of gender equality in economy. By using theoretical foundations in Production Function: Theory Development, the results showed that good economic activities must promote gender equality through various means, such as economic development, expanding job opportunities, increasing worker productivity, and urging a new job market. This growth can eliminate economic inefficiencies and increase women's and men's economic involvement. As income increases, the gender gap in health, learning, and nutrition tends to decre

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20

Fernald, John G., and Charles I. Jones. "The Future of US Economic Growth." American Economic Review 104, no. 5 (2014): 44–49. http://dx.doi.org/10.1257/aer.104.5.44.

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Modern growth theory suggests that more than three-quarters of growth since 1950 reflects rising educational attainment and research intensity. As these transition dynamics fade, US economic growth is likely to slow at some point. However, the rise of China, India, and other emerging economies may allow another few decades of rapid growth in world researchers. Finally, and more speculatively, the shape of the idea production function introduces a fundamental uncertainty into the future of growth. For example, the possibility that artificial intelligence will allow machines to replace workers t

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21

Gomez-Lievano, Andres, and Oscar Patterson-Lomba. "Estimating the drivers of urban economic complexity and their connection to economic performance." Royal Society Open Science 8, no. 9 (2021): 210670. http://dx.doi.org/10.1098/rsos.210670.

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Estimating the capabilities, or inputs of production, that drive and constrain the economic development of urban areas has remained a challenging goal. We posit that capabilities are instantiated in the complexity and sophistication of urban activities, the know-how of individual workers, and the city-wide collective know-how. We derive a model that indicates how the value of these three quantities can be inferred from the probability that an individual in a city is employed in a given urban activity. We illustrate how to estimate empirically these variables using data on employment across ind

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22

Kharlamova, Ganna, Andriy Stavytskyy, Oleksandr Chernyak, Vincentas Giedraitis, and Olena Komendant. "Economic modeling of the GDP gap in Ukraine and worldwide." Problems and Perspectives in Management 17, no. 2 (2019): 493–509. http://dx.doi.org/10.21511/ppm.17(2).2019.38.

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ActualityThe concept of output gap plays an important role in traditional macroeconomic theory, applied research and monetary policy. GoalThe paper reveals analyses of the potential economic development in Ukraine and in some countries of the world under limited information. Thus, the practical goal is to consider the best modelling approach for the possibility to regulate GDP in Ukraine, as it has been experienced in other countries of the world. MethodThe research is realized with the help of economic-mathematical modelling of GDP gap based on the analysis of the production function, statist

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ESTOLA, MATTI. "A DYNAMIC THEORY OF A FIRM: AN APPLICATION OF 'ECONOMIC FORCES'." Advances in Complex Systems 04, no. 01 (2001): 163–76. http://dx.doi.org/10.1142/s0219525901000036.

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Static neoclassical theory of a firm and its dynamization by dynamic optimization assume profit functions inconsistent with each other. As a solution to this, we present a dynamic theory of a firm which is consistent with the static neoclassical theory. We define the 'economic forces' which act upon the production of the firm and show that the adjustment of production in a profit-seeking way may be stable or unstable. Explosive unstable production dynamics may occur due to 'economies of scale' or due to the development of wealth or technology; in stable cases the adjustment leads to the profit

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Osiobe, Ejiro U. "A Literature Review of Human Capital and Economic Growth." Business and Economic Research 9, no. 4 (2019): 179. http://dx.doi.org/10.5296/ber.v9i4.15624.

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This work aims to examine the relationship between human capital and economic growth. The study analyzes datasets from previous works, reviews previous literature, and draws some conclusions on human capital and economic growth. The paper summarizes articles on human capital in terms of (i) the theoretical framework of economic growth theory, (ii) the neo-classical growth model, (iii) the Solow growth production-function, (iv) the new endogenous theory, and (v) empirical evidence on the relationship and causal link between human capital and economic growth. Assessing the literature on human ca

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Zagoruiko, Ivan, and Lesia Petkova. "Model of world technological and economic efficiency frontiers." JOURNAL OF INTERNATIONAL STUDIES 15, no. 2 (2022): 174–98. http://dx.doi.org/10.14254/2071-8330.2022/15-2/12.

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The model generalizes the classical concept of the world's technological frontier. The article is devoted to the theory of comparative analysis of the efficiency of national economies using the non-parametric method of data shell analysis (DEA). The proposed model summarizes the classical concept of the world's technological frontier. Algebraically, it is the solution to the well-known linear programming problem, which determines the countries that use the best combinations of capital and labour to produce a unit of output. Geometrically, it is the envelopment of the states of the studied coun

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Beattie, Bruce R., Matthew T. Holt, and Myles J. Watts. "On the Function Coefficient, Euler's Theorem, and Homogeneity in Production Theory." Review of Agricultural Economics 24, no. 1 (2002): 240–49. http://dx.doi.org/10.1111/1467-9353.00094.

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Schmidt, Torsten. "Forschungs- und Entwicklungsaktivitäten in der Potenzialschätzung berücksichtigen." Wirtschaftsdienst 102, no. 11 (2022): 842–44. http://dx.doi.org/10.1007/s10273-022-3327-9.

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AbstractPotential output is a measure of the longer-term production possibilities of an economy. Since this quantity cannot be observed directly, it must be determined on the basis of assumptions from existing data. The use of a production function was established in the European Commission’s procedure for calculating potential output. However, it is important to capture all drivers of economic growth. In the current EU procedure, total factor productivity (TFP), which is interpreted as a measure of technological progress, is assumed to be exogenous. This means that key drivers of economic gro

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Biddle, Jeff. "Retrospectives: The Introduction of the Cobb–Douglas Regression." Journal of Economic Perspectives 26, no. 2 (2012): 223–36. http://dx.doi.org/10.1257/jep.26.2.223.

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At the 1927 meetings of the American Economic Association, Paul Douglas presented a paper entitled “A Theory of Production,” which he had coauthored with Charles Cobb. The paper proposed the now familiar Cobb–Douglas function as a mathematical representation of the relationship between capital, labor, and output. The paper's innovation, however, was not the function itself, which had originally been proposed by Knut Wicksell, but the use of the function as the basis of a statistical procedure for estimating the relationship between inputs and output. The paper's least squares regression of the

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Ang, James B., and Jakob B. Madsen. "WHAT DRIVES IDEAS PRODUCTION ACROSS THE WORLD?" Macroeconomic Dynamics 19, no. 1 (2013): 79–115. http://dx.doi.org/10.1017/s1365100513000229.

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The ideas production function is at the heart of endogenous growth theory. Using data for Europe, its offshoots, and the Asian Tiger economies over the period from 1870 to 2010, this paper provides direct estimates of an ideas production function that explicitly distinguishes between the first- and second-generation endogenous growth models while allowing for human capital and international knowledge spillovers through various channels. The estimates show strong intertemporal and cross-country knowledge spillovers, provide robust support for Schumpeterian growth theory, and suggest that human

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Ivantchev, Boyan Christov. "Postmoney theory: value function in the domain of postmoney." foresight 20, no. 5 (2018): 554–70. http://dx.doi.org/10.1108/fs-06-2018-0069.

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Purpose The purpose of this study is to research the latest quantitative and qualitative transformations of money and its interaction with the market economy and societies in terms of their influence on the inner nature of money and its transformation from a simple tool to an aim per se, i.e. postmoney. Transforming the perception of the intrinsic value and “soul” of the money into the postmoney, influenced by the rising longevity and wide expectation for the ability to scientifically prolong the human life, will be discussed. This transformation will be confirmed by analysing the results from

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Throsby, David. "An Artistic Production Function: Theory and an Application to Australian Visual Artists." Journal of Cultural Economics 30, no. 1 (2006): 1–14. http://dx.doi.org/10.1007/s10824-005-9001-4.

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Molchanov, N. N., and Yu V. Rybakova. "The Methodology for Developing an Innovation Based on Co-Creation and Co-Production." Economics and Management, no. 7 (September 15, 2019): 64–73. http://dx.doi.org/10.35854/1998-1627-2019-7-64-73.

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Aim. The presented study aims to improve the quality function deployment methodology in innovation development with allowance for the principles of the value co-creation methodology.Tasks. The authors analyze the essence of the value co-creation concept in innovation development, examine the quality function deployment (QFD) methodology as a basic tool for the development of competitive incremental innovations, and propose their own revised methodology that combines the elements of co-creation and co-production on the part of the consumer.Methods. The methodological basis of the study comprise

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Drin, Bohdan, Iryna Drin, and Svitlana Drin. "THE NONLINEAR MODEL OF BEHAVIOR OF TWO COMPETITIVE FIRMS." BULLETIN OF CHERNIVTSI INSTITUTE OF TRADE AND ECONOMICS I, no. 81 (2021): 115–28. http://dx.doi.org/10.34025/2310-8185-2021-1.81.08.

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The practical task of economics lies in applying the methods of substantiating its decisions. For economics, the main method is the modeling of economic phenomena and processes and, above all, mathematical modeling, which has been stipulated by the presence of stable MATHEMATICAL METHODS, MODELS AND INFORMATION TECHNOLOGIES IN ECONOMY Issue I (81), 2021 117 quantitative patterns and the possibility of a formalized description of many economic processes. The economic-mathematical model contains a system of equations of linear and nonlinear units that promote a mathematical description of econom

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Chen, Shih-Pin, and Yu-Wen Chen. "Analysis of the Fuzzy Economic Production Lot Size Inventory Problem Without an Explicit Membership Function." IEEE Transactions on Fuzzy Systems 27, no. 6 (2019): 1189–200. http://dx.doi.org/10.1109/tfuzz.2018.2873969.

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Wahyuni, Heni. "INFANT HEALTH PRODUCTION FUNCTION: ROLE OF PRENATAL CARE." Journal of Indonesian Economy and Business 30, no. 1 (2015): 72. http://dx.doi.org/10.22146/jieb.7335.

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This article reviews the economic concept of the health production function regarding the determinants of infant health and the results of previous empirical studies on the role of prenatal care in infant health production. The review will include a brief explanation about the health production function, followed by how the concept applies to infant health, explaining the derivation of the infant health production function, and finally the previous empirical studies on the role of prenatal care in infant health production. Grossman’s model on the demand for health and the framework of the infa

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Yalçinkaya, Ömer, and Ali Kemal Çelik. "The impact of fundamental uncertainties on economic growth." Acta Oeconomica 71, no. 2 (2021): 213–34. http://dx.doi.org/10.1556/032.2021.00011.

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AbstractThis paper addresses the impact of fundamental (economic, political and geopolitical) uncertainties on GDP growth of the world’s largest 20 economies (W-20) using the Cobb-Douglas total production function within the scope of the second-generation panel data methodology for 1990–2016. The aim of the paper is to explore whether these uncertainties lead to a contractionary impact on growth as suggested by the economic theory. The estimation results revealed that indeed this was the case. Our results also indicate that the global uncertainties led the economic growth rates of the selected

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Kao, Hu. "Demand for Labor and Market Theory of Wage Determination." Number-3, March 2019 2, no. 3 (2019): 1–11. http://dx.doi.org/10.35935/tax/23.111.

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This economics is not merely economics but also discusses about many spheres of the labors. Labor economics look out to recognize the dynamics and functions of the markets of labor. The labor market function is by the interaction and dealing of employers and workers. Labor economics tries to understand the result pattern of income, employment and wages by looking at the workers or employs and labor is the measurement of the work that is done by the human beings. Usually, there is dissimilarity in labor economics and other aspects of production such as capital and land. In this article we will

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Mohammed, I. A., and M. A. K. Al Dulaimi. "An Economic Analysis of The Costs of Producing Tomato Under Greenhouse in Anbar Governorate For the Agricultural Season 2019-2020." IOP Conference Series: Earth and Environmental Science 904, no. 1 (2021): 012061. http://dx.doi.org/10.1088/1755-1315/904/1/012061.

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Abstract The research aims to analyze the costs of producing tomato under greenhouses in Anbar Governorate for the agricultural season (2019-2020), based on field data of 16 samples selected randomly. The results of the analysis shows that fixed costs constitute about (44.20%), while variable costs constitute about (55.80%) of the total costs. The average production costs in the research sample are about (109808) dinars/ton. The long-term cubic function was the best among the functions that express the relationship between production costs as a dependent variable and production and the number

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Lole, Ulrikus Romsen, and Arnoldus Keban. "Policies to Increase Calves Production in East Nusa Tenggara as a National Production Center." ANIMAL PRODUCTION 22, no. 2 (2020): 98–104. http://dx.doi.org/10.20884/1.jap.2020.22.2.11.

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The determinant factors of the growth of calf cattle production in NTT Province (both technical/technological, economic, socio-cultural, investment, and related institutions) have not been specifically identified and measured. This is very important for the purpose of formulating and implementing related policies. The objectives of this study were to analyze the main factors affecting the level of calf production, and to formulate policy interventions to increase calf production. A research survey was carried out on parties related to the planning and development of cattle business. The quanti

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Kojic, Vedran, Zrinka Lukac, and Krunoslav Puljic. "On the uniqueness of the solution of the cost minimization problem with generalized Sato production function." Croatian Operational Research Review 12, no. 1 (2021): 37–48. http://dx.doi.org/10.17535/crorr.2021.0004.

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Whenever a firm is maximizing its profit, it necessarily has to minimize its cost. Thus, the cost minimization problem is one of the central problems in the theory of the firm. When presenting this problem, the majority of microeconomic textbooks use very well-known production functions, such as Leontief, Cobb-Douglas, or other CES production functions. The goal of this paper is to analyze the cost minimization problem with the generalized Sato production function. The generalized Sato production function is one of the non-standard production functions with variable elasticity of substitution.

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Tian, Hui, Fei Lei, Pudong Huang, Luoyi Huang, Liting Ye, and Jiatian Lai. "Impact of Knowledge Spillover on Regional Club Convergence in China." E3S Web of Conferences 251 (2021): 03056. http://dx.doi.org/10.1051/e3sconf/202125103056.

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Knowledge spillover theory introduces specialized knowledge and human capital accumulation into the production function, breaks through the limitations of traditional economic theory, and illustrates the continuous and permanent source and power of economic growth. This article attempts to study the “club phenomenon” of the uneven development of China’s regional economy from the perspective of knowledge spillover, using the Spatial Dubin Model (SDM) to process China’s provincial data from 1991 to 2015. Studies have shown that knowledge spillovers are conducive to narrowing the gap in the level

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Slavin, V. A. "Structural-Organizational Aspects of the Theory of the Firm from the Perspective of the Probabilistic-Dynamic and Statistical Approaches." AlterEconomics 19, no. 3 (2022): 526–46. http://dx.doi.org/10.31063/altereconomics/2022.19-3.7.

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The study applies the probabilistic-dynamic and statistical methods developed earlier by the author (et al.) to solve problems in the theory of production and economic systems (firms). These methods are underpinned by the concept of microeconomic states as vectors of economic solution evolving along phase trajectories in accordance with the given Hamilton function. If Hamilton function contains sufficient information about the operating conditions of the production system, the results of the dynamic (neoclassical) theory based solely on the study of the phase trajectory of the company are vali

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Ilyina, Elena A., and Leonid A. Saraev. "On the theory of optimization of transaction costs of multifactor manufacturing enterprises." Vestnik of Samara University. Economics and Management 12, no. 4 (2021): 182–94. http://dx.doi.org/10.18287/2542-0461-2021-12-4-182-194.

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The published article proposes mathematical models for calculating the optimal profit of multifactorial manufacturing enterprises that incur both production (transformational) and certain non-production (transactional) costs, the sources of which may be forced costs of searching for economic information, measuring the parameters of various goods, negotiating and the conclusion of contracts, for the development of specifications and the protection of property rights, for the opportunistic behavior of employees and managers of the enterprise, etc. Anumerical analysis of the presented models for

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Chakrabarti, Avik, and Venkat Ramaswamy. "Re-thinking the Concept of Surplus: Embracing Co-creation Experiences in Economics." B.E. Journal of Economic Analysis & Policy 14, no. 4 (2014): 1283–97. http://dx.doi.org/10.1515/bejeap-2013-0192.

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AbstractEconomics has traditionally split consumers from producers by assigning them fixed roles. In the Internetworked economy as it is becoming, this is no longer true as value is increasinglyjointlycreated among individuals, as a function of theirco-creation experiences. We construct a framework that reconnects economics with value creation that goes beyond artifacts as the central unit of analysis, towardplatforms of engagementsof which artifacts themselves are only a part. Engagement platforms are now both the means and ends of value creation, and economic theory must take into account bo

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Tao, Yong Hong, Jing Yang, and Jun Shi. "Cost Control of the Marine Diesel Based on Value Engineering." Applied Mechanics and Materials 551 (May 2014): 535–40. http://dx.doi.org/10.4028/www.scientific.net/amm.551.535.

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Cost control is an important measure to improve economic benefit of enterprises, while the theory of value engineering (VE) is the best method to coordinate improving product performance with reducing the cost of production. It realizes the improvement of the value of product and economic benefit, and achieving the purpose of optimizing the cost structure. The theory of value engineering is innovatively applied to the study of cost control of the marine diesel, the function analysis system technique graphical method (FAST) is used to analyze the function of the marine diesel to screen out 16 k

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Prado, Ignacio M. Sánchez. "Neoliberalism in Mexican Cultural Theory." ARTMargins 7, no. 3 (2018): 86–87. http://dx.doi.org/10.1162/artm_a_00219.

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This essay reviews two theoretical books on neoliberalism written by Mexican cultural critics: Capitalismo gore (Gore Capitalism), by Sayak Valencia, published originally in Spanish in 2010 and translated into English in 2018, and La tiranía del sentido común ( The Tyranny of Common Sense) by Irmgard Emmelhainz, published in Spanish in 2016 and yet to be translated into English. These works are pioneering in their discussion of the correlation between neoliberalism, subjectivity, and culture in Mexico, and they have become widely influential in broader discussions of art, visual culture, liter

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VANDENBERGHE, V. "Economics of Education. The Need to go Beyond Human Capital Theory and Production-Function Analysis." Educational Studies 25, no. 2 (1999): 129–43. http://dx.doi.org/10.1080/03055699997864.

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Jensen, Bjarne S. "von Thünen: Capital, Production Functions, Marginal Productivity Wages, and the Natural Wage." German Economic Review 18, no. 1 (2017): 51–80. http://dx.doi.org/10.1111/geer.12085.

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Abstract This paper puts seminal contributions to theory of production functions and maximization of explicit quantitative objective functions by Johann Heinrich von Thünen into a systematic historical perspective. We show that his comprehensive ‘Tableau Economiques’ do imply two exact parametric production functions. Moreover, the renowned ‘geometric mean wage’ formula is restated as an exact CES marginal labor productivity wage for σ= 2. We review four alternative modes of normative (natural) wage calculations without an explicit production function, and conclude that von Thünen’s natural wa

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Sharma Wagle, Thakur Prasad. "Spatial Analysis of Cob-Douglas Production Function in Agriculture Sector of Nepal: An Empirical Analysis." Journal of Advanced Academic Research 3, no. 2 (2017): 101–14. http://dx.doi.org/10.3126/jaar.v3i2.16759.

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This paper examines use of the Cob-Douglas production function on the agricultural production in various space and dimensions. The objective of this study is to investigate the logical relationship between production and expenditure as well as labour. This research is to develop aunorthodox model for production function in Nepal. Analysis of the basic model used for estimation, estimates of elasticity of substitution equation on National agricultural panel data from economic survey (1983/84 – 2013/14) in averages. The empirical regression reveals that, sum of the regression coefficients is les

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Li, Jian, and Yue Liu. "Data Processing in Regional Energy, Economy and Environment System Development Theories Research." Advanced Materials Research 1046 (October 2014): 550–53. http://dx.doi.org/10.4028/www.scientific.net/amr.1046.550.

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Along with the social progress and rapid economic development, many countries appeared the contradiction between supply and demand of energy in different degree and the environment is destroyed, so it’s difficult to support the economy to continue to grow. In this context, how to coordinate the relations among the sources of energy, economy and environment system(3 e) is the prime issue must be solved in the road of human sustainable development. This paper established economic growth Translog Production Function with considering the energy consumption and presented the calculation method of c

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