In this paper we consider some properties of the various production functions. One of the key points in the construction of empirical production functions is the choice of functional form. It is important to note What assumptions and limitations associated with the use of a functional form for...

Nowadays the problems of financial markets' development in emerging economies attract attention of many researchers. In this study we try to analyze the international experience of theoretical and empirical research in the linkage between the level of financial development and economic growth....

The production function is one of the basic concepts of economic theory. As a basis for modeling the behavior of enterprises used in the production functions quite a wide range of economic issues, where the explicit or implicit form is required to establish correspondence between the...