A micro-foundation of neoclassical production functions

Research Project

Project/Area Number	22530174
Research Category	Grant-in-Aid for Scientific Research (C)
Allocation Type	Single-year Grants
Section	一般
Research Field	Economic theory
Research Institution	Fukushima University
Principal Investigator	NAKAMURA Masakatsu 福島大学, 経済経営学類, 准教授 (00333998)
Project Period (FY)	2010 – 2012
Project Status	Completed (Fiscal Year 2012)
Budget Amount *help	¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000) Fiscal Year 2012: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2011: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000) Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Keywords	マクロ経済学 / 生産関数 / ミクロ的基礎付け / 集計問題 / 生産関数の唯一性 / 生産要素の集計問題 / 生産プロセス / 生産関数のミクロ的基礎付け / 生産関数の集計問題
Research Abstract	Many economists have considered that the quantity of capital and labor, that is, inputs, determines the quantity of production of a country measured by the GDP. We usually call the relation between the quantity of production and the quantities of inputs a production function. Many researches have analyzed production functions statistically. However, the theoretical foundation of production functions is rather insufficient. This research project showed some theoretical difficulty in assuming a unique production function, related with the aggregate problem of capital.