ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cobb-Douglas Production Functions-A Sceptical Note with Special Reference to Agriculture

A Sceptical Note with Special Reference to Agriculture N Krishnaji This paper shows that observations generated from a technology with fixed coefficients can be approximated welt by a Cobb-Douglas function with constant returns-to-scale. The approximation is shown to be robust with respect to both heterogeneity in input-output ratios and aggregation, under reasonable assumptions.

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