The Cobb-Douglas production function (henceforth, "CDPF") is a widespread and useful tool in growth theory. However, the empirical evidence regarding the adequacy of the (aggregate) CDPF has been discussed controversially. By using an axiomatic/geometrical approach, we show that sector-level...

An unusually detailed sample of large farms in Rostov, Ivanovo and Nizhny Novgorod regions of Russia in 2001 allows micro-economic examination of the production of grain and sunflower crops on Russian farms. Farms are found to have some excess capital and labour, but not land and other types of...

The development process and technological improvements since the industrial revolution are characterized by substantial increases in the quantity and variety of tools/machines/materials adopted in production. It is difficult to reject empirically that proliferation of tools variety is the...

The innovative approach presented introduces a modified neoclassical growth model which includes a new bias of technological progress in a quasi-endogenous growth model in which part of labor is used in the research & development sector. The combination of a macroeconomic production function and...