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The household production function approach to valuing climate: the case of Japan

✍ Scribed by Maddison, David; Rehdanz, Katrin; Narita, Daiju

Book ID
118797715
Publisher
Springer
Year
2012
Tongue
English
Weight
291 KB
Volume
116
Category
Article
ISSN
0165-0009

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This article proposes a method of estimating productivity growth using an estimated profit function. The approach has the advantage of incorporating endogenous changes in profit-maximizing output levels that would result from productivity changes. As with the cost function, it can be easily adapted