In my last post on my Debtwatch blog, I finished by saying that the Physiocrats were the only School of economics to properly consider the role of energy in production. They ascribed it solely to ...

We examine inconsistencies and controversies related to the use of CES production functions in growth models. First, we show that not all variants of CES functions commonly used are consistently ...

Abstract: Previous studies on hospitals' efficiency often refer to quite restrictive functional forms for the technology (Aigner et al., 1977, J. Econom., 6, 21–37). In this paper, referring to a ...

Economic productivity—the efficiency with which societies transform labour, capital, energy, and other natural resources into new goods or services—is a key outcome in any society because it has a ...

Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

ABSTRACT: Education forms micro-foundations for the solution of many problems in the world. In this sense, education as a tool for human capital accumulation and individual progress, schooling as a ...

ABSTRACT: Education forms micro-foundations for the solution of many problems in the world. In this sense, education as a tool for human capital accumulation and individual progress, schooling as a ...