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Estimation of a production function for Philippine retail stores

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Resource type
Journal Article
Author/contributor
Title
Estimation of a production function for Philippine retail stores
Abstract
Abstract The purpose of this paper is the estimation of a production function for retail stores in the Philippines. A generalized Cobb-Douglas production function is utilized for this purpose. Ordinary Least Squares is used in obtaining the coefficients for labor and capital. The results show that the marginal product of labor to be higher than the marginal product of capital and the hypothesis of constant returns to scale is not rejected.
Publication
Economics
Date
2019-06-01
Volume
7
Issue
1
Pages
69-79
DOI
10.2478/eoik-2019-0006
Citation Key
patalinghugEstimationProductionFunction2019
URL
http://content.sciendo.com/view/journals/eoik/7/1/article-p69.xml
Accessed
10/2/19, 7:40 PM
ISSN
2303-5013
Library Catalog
DOI.org (Crossref)
Extra
0 citations (Crossref) [2023-10-31]
Citation
Patalinghug, J. C. (2019). Estimation of a production function for Philippine retail stores. Economics, 7(1), 69–79. https://doi.org/10.2478/eoik-2019-0006
Link to this record
https://libweb.southernct.edu/authors/bibliography/6VE24KUY