Applied Econometrics

Production Functions

Paul Dunne

 

Main texts:

Thomas RL (1985) "Introductory Econometrics", Longman Ch 1

Intriligator, Bodkin and Hsiao (1998) Chapter 8

Berndt ER (1991) "The Practice of Econometrics", Addison Wesley. Chapter 9.

Other useful:

Wallis KF (1979) "Topics in Applied Econometrics", Blackwell. Chapter II

Desai M (1976) "Applied Econometrics", Philip Alan. Chapters 5 and 6

Hebden J (1983) "Applications of Econometrics" Philip Allen. Chapters 4 and 5.

 

Applied Articles:

Batchelor, P, Dunne, P and D Saal (1999) "Military Spending and Economic Growth in South Africa", Economics Discussion Paper, Middlesex University Business School. February. Applies a Feder-Ram growth maodel to South African data.

McCombie and Dixon (1991) "Estimating Technical Change in Aggregate Production Functions: A Critique", International Review of Applied Econometrics. Provides a valuable critique of studies estimating aggregate production functions.

Crafts N (1992)"Productivity Growth Reconsidered", Economic Policy, CEPR. Useful survey of issues and litereature.

Muellbauer J (1986) "The Assessment: Productivity and Competitiveness in British Manufacturing", Oxford Review of Economic Policy, Vol 2, No 3. Gives interesting application of simple C-D production function to UK economy. Also Nolan critique in Green F (1989) "The restructuring of the UK Economy", Harvester.