CHAPTER 13. The aggregate production function and the measurement of economic growth

Chapters in this book

1. Frontmatter i
2. Preface vii
3. Contents ix
4. PART I. INTRODUCTION
5. CHAPTER 1. The problem of aggregation 3
6. PART II. GROUPING OF VARIABLES IN A SINGLE UTILITY OR PRODUCTION FUNCTION
7. CHAPTER 2. The concept of functional separability 9
8. CHAPTER 3. Two-stage maximization 17
9. CHAPTER 4. Homogeneous functional separability 25
10. PART III. AGGREGATION OF ECONOMIC RELATIONS
11. CHAPTER 5. Degrees of freedom at a maximum: the importance of linearity 35
12. CHAPTER 6. Degrees of freedom restricted: optimal conditions of exchange and production 45
13. CHAPTER 7. Aggregation when optimal conditions of production or exchange are satisfied: discussion 53
14. CHAPTER 8. Other restrictions on the number of degrees of freedom 61
15. CHAPTER 9. Intermediate products and aggregation problems of input-output analysis 69
16. PART IV. THE MEASUREMENT OF CAPITAL
17. CHAPTER 10. "Capital" in models of economic growth 81
18. CHAPTER 11. Technical progress and capital measurement 91
19. PART V. INCONSISTENT AGGREGATION
20. CHAPTER 12. Aggregation and estimation 99
21. CHAPTER 13. The aggregate production function and the measurement of economic growth 107
22. PART VI. CONCLUSION
23. CHAPTER 14. Summary: factors in the selection of an aggregation procedure 119
24. List of References 121
25. Index 127