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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...

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Published in:Economica Vol. 66; no. 263; pp. 403 - 414
Main Authors: Allen, Chris, Urga, Giovanni
Format: Article
Published: Wiley-Blackwell August 1999
Subjects:
Input-output analysis
Industrial costs
Mathematical models in business
Substitution (Economics)
Online Access:View this record in EBSCOhost