Economics, Econometrics and Finance
5 years ago

New study reveals optimal production model for developing country industries.

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AIP conference proceedings
On Cobb-Douglas production function model
B. Mahaboob, K. A. Ajmath, B. Venkateswarlu, C. Narayana, J. Peter Praveen

Paper Summary

The article discusses how the Cobb-Douglas production function model is used to estimate costs and errors in manufacturing industries. Researchers have studied different methods to estimate parameters and forecast production processes. They found that the Cobb-Douglas model is commonly used in econometric analysis and can help determine the efficiency of capital and labor in production.

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