Aggregation in Production Functions: What Applied Economists Should Know

@article{Felipe2003AggregationIP,
  title={Aggregation in Production Functions: What Applied Economists Should Know},
  author={Jes{\'u}s Felipe and F. Fisher},
  journal={Wiley-Blackwell: Metroeconomica},
  year={2003}
}
  • Jesús Felipe, F. Fisher
  • Published 2003
  • Economics
  • Wiley-Blackwell: Metroeconomica
  • There is no subject so old that something new cannot be said about it. (Dostoevsky) Glendower: I can call spirits from the vasty deep Hotspur: Why, so can I, or so can any man; But will they come when you do call for them? (Shakespeare, Henry IV, Part I, Act III, Scene I) This paper surveys the theoretical literature on aggregation of production functions. The objective is to make neoclassical economists aware of the insurmountable aggregation problems and their implications. We refer to both… CONTINUE READING
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