Interrelated factor demands from dynamic cost functions: an application to the non-energy business sector of the UK economy.
The writers propose a dynamic cost function that permits them to consistently derive a set of dynamic interrelated factor demand equations in the general error correction form introduced by Anderson and Blundell (1982). They expand on findings recently published in Urga (1996), and they demonstrate...
| Publicado en: | Economica Vol. 66; no. 263; pp. 403 - 414 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
August 1999
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=512864985&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 512864985 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00130427 ECA jtl: Economica issn: 00130427 maglogo: N pubinfo: dt: August 1999 vid: 66 iid: 263 pid: 480 pub: Wiley-Blackwell artinfo: ui: 512864985 10.1111/1468-0335.00178 ppf: 403 ppct: 11 formats: tig: atl: Interrelated factor demands from dynamic cost functions: an application to the non-energy business sector of the UK economy. aug: au: Allen, Chris Urga, Giovanni su: Input-output analysis Industrial costs Mathematical models in business Substitution (Economics) sug: subj: Input-output analysis Industrial costs Mathematical models in business Substitution (Economics) ab: The writers propose a dynamic cost function that permits them to consistently derive a set of dynamic interrelated factor demand equations in the general error correction form introduced by Anderson and Blundell (1982). They expand on findings recently published in Urga (1996), and they demonstrate that the derivation of an effective underlying cost function facilitates the identification of the full set of parameters of the underlying process. They point out that this does not happen in the standard Anderson-Blundell formulation. The writers then outline an empirical exercise that is used to model the so-called supply side of the London Business School large-scale economic model, and they estimate both the set of factor demands and the underlying dynamic cost function for the nonenergy business sector of the British economy. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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