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On the Production Function for Italy

digital On the Production Function for Italy
Article
journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2010 - 4
title On the Production Function for Italy
authors
publisher Vita e Pensiero
format Article | Pdf
online since 10-2010
issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

Ebook format Pdf readable on these devices:

In this paper, we assess the ability of the Cobb-Douglas framework to match the empirical evidence for Italy. While the growth accounting approach requires the validity of this functional form and of its parameters, we conduct econometric analysis on a panel of regions for the years 2000- 2006 and suggest (i) an alternative specification and (ii) a twofold time series data construction, under which the Cobb-Douglas framework appears to yield the most credible and well-specified formulation of the Italian production function.
Key words: Production function, Total Factor Productivity, Capital stocks. JEL Classification: O47, E23.