mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the … 1970s assuming that the underlying production function is either CES or Cobb-Douglas. Estimation results support the Cobb … profit margins and sectoral production shares. We also produce estimates of potential output and the output gap conditional …

Output gaps for ten European countries and the USA are estimated based on a CES production function with input …-augmenting technological progress gives insight into the driving forces of growth. -- output gap ; potential output ; CES production function …

Both the recent literature on production function identification and a considerable body of other empirical work on … firm expansion assume a Cobb-Douglas production function. Under this assumption, all technical differences are Hicks … neutral. I provide evidence from US manufacturing plants against Cobb-Douglas and present an alternative production function …

Following the numerous arguments for and against the production functions, this research work tries to find out if the … production functions, particularly the Cobb-Douglas and Constant Elasticity of Substitution (CES) production functions holds for … Nigeria using an annual time series data from 1970-2012. The Cobb-Douglas and CES production functions which are originally …