Jalava, Jukka; Pohjola, Matti; Ripatti, Antti; … - In: Contributions in Macroeconomics 6 (2006) 1, pp. 1-20
Abstract The paper argues that a Cobb-Douglas specification may be a reasonable description of the Finnish aggregate production function when a sufficiently long time period (the 20th century) is considered. It is, however, a misleading description of the production technology for the post-WWII...
