In modeling emissions, the literature has usually specified an explicit emission function, or treated emissions as a production input. We examine the validity of these approaches, taking into account ...

Arguably therefore, the production functions used in economic theory—whether spouted by mainstream Neoclassical or non-orthodox Post Keynesians—deserve to “collapse in deepest humiliation”.

The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input ...

The generalized linear production function (Diewart,1971) is an attractive alternative for this application: it admits zero values for inputs and allows the estimation of complex technical ...

The neoclassical growth theory is an economic concept where equilibrium is found by varying the labor amount and capital in the production function.

Electricity production is the sector with the largest share of global emissions and there are many options for decarbonizing it. Identifying the lowest cost option for achieving decarbonization (and ...

Objective Function in Economic Models of Decisions on Production Evidence from Swiddeners in Tripura Support Us Your Support will ensure EPW’s financial viability and sustainability. The EPW produces ...