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A PRINCIPLE COMPONENT ANALYSIS OF INPUTS IN A PRODUCTION FUNCTION

✍ Scribed by W. L. Nieuwoudt


Book ID
115292814
Publisher
John Wiley and Sons
Year
1972
Tongue
English
Weight
352 KB
Volume
23
Category
Article
ISSN
0021-857X

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Quasi-fixed inputs and long-run equilibr
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## Abstract This paper proposes a cointegration approach to testing the validity long‐run equilibrium in production, where capital and labour are taken as quasi‐fixed inputs. Previous studies consider only capital as the quasi‐fixed input and do not take account of the time series properties of the