The International Economic Review was established in 1960 by two of the most active and acclaimed scholars in the economics profession: Michio Morishima, who was then at Osaka University's Institute ...

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 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 ...

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