2012 Fiscal Year Final Research Report
A micro-foundation of neoclassical production functions
| Project/Area Number |
22530174
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic theory
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| Research Institution | Fukushima University |
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Principal Investigator |
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| Project Period (FY) |
2010 – 2012
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| Keywords | マクロ経済学 / 生産関数 / ミクロ的基礎付け / 集計問題 |
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| 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.
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Research Products
(1 results)
