This study investigates the nature of the substitutability relationships among capital, labor, and imported inputs in the context of a production function for Spain, with estimates obtained from an aggregate cost function. The results are consistent with the hypothesis that all of the inputs are...

"France faces substantial challenges as the economic integration of Europe and the international economy continues. This article uses a dynamic aggregate translog cost function with inputs of capital, labor, and imports to examine the likely impact of closer world economic ties on France. This...

Authors of principles and price theory textbooks generally illustrate short-run production using a total product curve that displays first increasing and then diminishing marginal returns to employment of the variable input(s). Although it seems reasonable that a temporary range of increasing...

This study investigates the nature of the substitutability relationships among capital, labor, and imported inputs in the context of a production function for Spain, with estimates obtained from an aggregate cost function. The results are consistent with the hypothesis that all of the inputs are...