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Macroeconomics / Utility / Elasticity / Cobb–Douglas production function / Neoclassical growth model / Production function / Elasticity of substitution / Factor shares / Ramsey–Cass–Koopmans model / Microeconomics / Economics / Economic growth


THE SHAPE OF PRODUCTION FUNCTIONS AND THE DIRECTION OF TECHNICAL CHANGE* CHARLES I. JONES This paper views the standard production function in macroeconomics as a reduced form and derives its properties from microfoundat
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Document Date: 2005-06-07 13:56:39


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Company

Dean Scrimgeour / Coleman / /

Facility

Harvard College / Massachusetts Institute of Technology / /

IndustryTerm

search model / technology menu / technology frontier problem / technology frontier / marginal products / technology levels / production technology / technology choice / interior solution / appropriate technologies / search-based idea models / /

Organization

National Science Foundation / Massachusetts Institute of Technology / Harvard College / /

Person

Harold Cole / Meredith Beechey / Xavier Gabaix / Samuel Kortum / Robert Solow / Douglas Gollin / Francesco Caselli / Jens Krueger / Robert Johnson / Peter Klenow / Michael Scherer / /

Position

President / /

ProvinceOrState

Massachusetts / /

PublishedMedium

The Quarterly Journal of Economics / QUARTERLY JOURNAL OF ECONOMICS / /

Technology

production technology / /

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